UAE to Spend $20 Billion on Digital Technology in Next 3 Years,
According to a recent report by the Boston Consulting Group (BCG), the United Arab Emirates (UAE) is expected to spend $20 billion on digital technology including IT, telecoms, artificial intelligence (AI), Internet of Things (IoT), blockchain, and robotics over the next three years. This significant investment in emerging technologies is expected to have a major impact on the country's economic growth and productivity. Over the past decade, digital technology has accounted for more than two-thirds of productivity growth, and the BCG report projects that it will account for 25% to 30% of global gross domestic product (GDP) over the next decade. The report also suggests that the UAE is well-positioned to double the contribution of its digital economy to GDP to 19.4% from 9.7% within the next 10 years. This significant investment in digital technology reflects the UAE's strategic vision to become a global leader in emerging technologies. By investing in AI, IoT, blockchain, a...