Dubai unveils ambitious AI economic strategy to accelerate growth

Dubai's Crown Prince, Sheikh Hamdan bin Mohammed Al-Maktoum, has announced a comprehensive artificial intelligence (AI) initiative aimed at transforming various sectors across the emirate.

The Dubai Universal Blueprint for Artificial Intelligence seeks to double the size of the economy by 2033 by injecting AED100 billion ($27 billion) from digital transformation and boosting economic productivity by 50 percent.

Key components of the plan include appointing chief AI officers in government entities, establishing a Dubai AI and Web3 campus, introducing AI weeks at schools, attracting data centers, and launching a trade license for AI.

Sheikh Hamdan bin Mohammed Al-Maktoum emphasized that leveraging AI in the initial phase will enhance residents' quality of life and well-being.

We will annually review, update and introduce new projects under this plan, ensuring it keeps pace with all developments. Dubai is a city centered around its people, and to this end, we will dedicate all our resources and energy to make it the happiest place in the world.

stated Sheikh Hamdan.