The total IT spending in the Middle East and the Africa region predicts to be around USD 83 billion by the end of 2020, according to IDC.
The AI potential hitting the Middle East is already being realized. Here is a few manifestations source: PwC:
- Saudi Arabia: AI contribution of USD 135.2 billion to reach by 2030 (12.4 percent of GDP)
- UAE: AI contribution to reach USD 96.0 billion 2030 (13.6 percent of GDP)
- Bahrain, Kuwait, Oman, and Qatar: AI contribution of USD 45.9 billion by 2030 (8.2 percent of GDP)
Changing the AI game in the regional sector
Carrington Malin, a UAE-based entrepreneur, marketer, and a writer asked this question, “Will the Middle East and North Africa become more than simply a consumer of artificial intelligence?” Yes, it certainly will.
Well, as AI projects to be the new tech revolution many countries have started focusing on investing in this field. Their main aim is to shift away from extensive dependency on petrochemicals. At its core, the largest gains are to benefit Saudi Arabia as AI projects to contribute for more than USD 135.2 billion in the economy by 2030, says PwC. The growing need of AI will eventually lead to an increase of an AI engineer across the region.
