São Paulo – Dubai is the premier destination in the world for foreign direct investment (FDI) in artificial intelligence and robotics. The information was released by the organizers of the Annual Investment Meeting (AIM 2019). A conference on FDI, held by the UAE Ministry of Economy, the AIM will run from April 8 to 10 in Dubai this year.
The ranking shows that the emirate saw USD 21.6 billion in cutting-edge technologies from 2015 to 2018. The bulk of investment originated from the European Union, at USD 5.7 billion, and the United States, at USD 3.9 billion. The UAE are sixth on the Intelligent Services Index, outperforming the United States, United Kingdom and South Korea.
The AIM’s organizers claim AI could account for 45% of the world economy by 2030. The UAE are the Arab country whose AI industry matters the most, at 33.5% of the economy. Next comes Saudi Arabia at 31.3%, with the remainder of the region’s countries averaging 28.8%.
“Digital growth is significant to the growth of the economy. In the UAE, it is in line with UAE Vision 2021, which aims to position the country as a top spot for tech investments,” AIM Organizing Committee CEO Dawood Al Shezawi was quoted as saying.
Shezawi also said technologies like blockchain and the internet of things boost countries’ productive capacity and the world Gross Domestic Product (GDP). This year’s edition of the Annual Investment Meeting will feature specialists in strategies and mechanisms designed to enhance technology solutions for attracting FDI, IED, as well as focus on internal and external incentives to encourage businesses to embrace those solutions.
The forum will also provide opportunities for governments and private organizations to launch and promote their projects. The Brazilian Ministry of Agriculture, for instance, will have a stand designed to advertise Brazilian agribusiness as an investment target.
Translated by Gabriel Pomerancblum
