Abu Dhabi, UAE – The number of AI companies registered in Abu Dhabi grew at a compound annual rate of 67% between 2021 and 2023A, a new study developed by the Business & Economics Intelligence Sector at the Abu Dhabi Chamber of Commerce and Industry revealed. The increase further bolsters Abu Dhabi’s position as a prominent global player in the AI industry.
The study highlights on Abu Dhabi’s ambitions to maximize the benefits of utilizing AI systems, applications, technologies, and solutions.
Abu Dhabi Chamber has adopted innovation and digital transformations and implemented supportive policies to make the emirate a first choice in the Middle East and North Africa (MENA) region for doing business by 2025.
“Today, Abu Dhabi is one of the most pioneering destinations thanks to its efforts in enhancing the contribution of AI to sustainable development,” Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber, said. “It is expected that the sector will contribution an additional $13 trillion to global economic activity by 2030, an increase equivalent to 16% in cumulative global GDP compared to the present.”
“The Abu Dhabi Chamber is committed to aligning with Abu Dhabi’s approach in AI. It has been a forerunner among chambers of commerce globally, activating the use of the first AI-powered platform (ChamberGPT), dedicated to handling business processing inquiries in Abu Dhabi, topping international indicators in the active usage of such platforms since its launch in 2023,” he added.
Al Qubaisi said that the private sector and investors are increasingly interested in establishing companies that focus on innovation and artificial intelligence research and consultancies, adding there was also a surge in the management and operation of AI robotic systems in various business sectors.
“There is no doubt that the decision to focus on AI is not impulsive. The Abu Dhabi government launched the Advanced Technology Research Council in May of 2020; leading to the establishment of AI71, an AI company dedicated to enhancing decentralized data control globally,” he said.
“Additionally, the Technological Innovation Institute (TII) was established to supervise research related to AI, data science, autonomous robots, etc., as well as the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), which is ranked among the 30 most prominent worldwide institutions for AI, computer vision, machine learning, and natural language processing,” Al Qubaisi added.