Tag Archives: AI

Saudi tech investments to reach $135 billion by 2030

KSA, UAE, Egypt will gain the most from AI

The annual growth in the contribution of AI is expected to range between 20-34 per cent per year across the Middle East, with the fastest growth in the Saudi Arabia, UAE, and Egypt. The $135 billion investment plan in digital transformation set by Vision 2030 will transform the Kingdom of Saudi Arabia into the global epicentre of the Fourth Industrial Revolution and supercharge the Saudi economy as a global powerhouse in the digital age. A PwC 2018 report estimated that AI could contribute up to $15.7 trillion to the global economy in 2030, more than the current output of China and India combined. Of this, $6.6 trillion is likely to come from increased productivity and $9.1 trillion is likely to come from benefits to consumers. PwC’s report estimated that the Middle East is expected to accrue 2% of the total global benefits of AI in 2030. This is equivalent to US$320 billion where the largest gains are expected to accrue to Saudi Arabia as AI is expected to contribute over US$135.2 billion in 2030 to the economy, equivalent to 12.4% of GDP. In relative terms the UAE is expected to see the largest impact of close to 14% of 2030 GDP. AI contribution in Egypt is expected to reach US$42.7 bn in 2030, equivalent to 7.7% of the Egyptian GDP. To meet the demand for having a global platform gathering world class technology experts, the Saudi Emerging Technologies Forum will take place from November 11-13, 2019 in Kempinski Hotel in Riyadh.  The forum is a mega event that will gather over 500 government officials and senior level executives, more than 50 speakers, leading 12 panel discussions with the participation of 900 attendees, …

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GALF 2019 to focus on blockchain, AI and remote ATC towers

Daniyal Qureshi, Group Exhibition Director, Reed Exhibitions

The 7th edition of the Global Airport Leaders’ Forum (GALF) is set to take place in Dubai this year. One of the world’s most influential knowledge-sharing platforms for the airports industry, agenda for GALF 2019 taking place from April 29 to May 1 alongside the 19th edition of Airport Show reflects the changing aviation landscape and future technologies. Airport Show and its co-located events will be held under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority; Chairman, Dubai Airports and Chairman and Chief Executive, Emirates Airline and Group. The knowledge-enhancement initiative is themed ‘Leading Collaborative Sustainable Aviation Growth’, reflecting the future growth path of the industry which supports US$2.7 trillion of the world’s Gross Domestic Product (GDP) and carries over four billion passengers and 62 million tonnes of freight a year. At GALF, industry leaders and experts from around the world will gather to discuss common challenges, partnership opportunities and chart the way forward for the region’s aviation growth. The three-day event will feature pressing topics including smart airports and sustainability, airport privatisation models,  building non- aeronautical revenue systems and the future of blockchain in aviation, amongst other topics. Dubai has ambitious plans to be the world’s first city fully powered by blockchain by 2020 and the emirate is making persistent efforts to be a global leader in blockchain adoption. Daniyal Qureshi, Group Exhibition Director, Reed Exhibitions Middle East, organisers of Airport Show said, “The agenda for GALF 2019 undoubtedly reflects the direction the industry is going in and we are looking forward to seeing what interesting discussions take place to ensure our industry is at the forefront of digital transformation.”

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