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Huge AI contracts lead to the surge.

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EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

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UAE remains the most innovative Arab economy

By Hilal Mir
January 9, 2023 10:59 pm
  • GII 2022 said this edition’s thematic focus on the future of innovation-driven growth provides a perspective on whether stagnation and low productivity growth are here to stay.
  • It tracks the most recent global innovation trends against the background of an ongoing COVID-19 pandemic and slowing productivity growth.

Dubai, UAE–The 2022 edition of the Global Innovation Index claims that it “tracks the most recent global innovation trends against the background of an ongoing COVID-19 pandemic, slowing productivity growth and other evolving challenges.”

“This edition’s thematic focus on the future of innovation-driven growth provides a perspective on whether stagnation and low productivity growth are here to stay, or whether we are about to enter a new era, where new innovation spurts – the Digital Age and the Deep Science Innovation waves – bring about an economic uplift,” the GII said in a statement.

Arab economies, especially in the oil-rich Gulf, have been focusing on innovation as an essential part of their transformative visions. A look at how some of the Arab countries performed on the innovation index:

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