Accelerating Dubai Industrial Growth through Innovation

Affirming the growth of AI in the area, a report launched by PwC earlier this month stated that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the area using it in their jobs over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are ready to deploy AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area attractive, including having more practical laws to enable experimentation and development," stated the report.

Leading company leaders, policymakers and investors from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, business leaders, financiers, and market experts participated in the first Global Business Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for vital products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can benefit from the changing patterns of worldwide demand and what role Dubai can play in assisting in the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by functioning as an information and research study centre, by offering organization documentation, offering legal services, helping with networking opportunities through signature service occasions and providing almost every imaginable company service, it stated.

GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but sluggish somewhat. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.

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SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local investment landscape appears promising.

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Reacting to a question on regional startups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot choosing us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and information privacy; and really strong academic organizations that are increasingly taking a look at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.

Our biggest driver today is buying skill, due to the fact that in the AI race, it's the technical talent that truly wins."Concentrating on the appearance of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are coming in, which shows clear indications of maturity of the environment The ability of the UAE and regional federal governments to draw in skill; their innovation-first method, abundance of capital here as well as inflow worldwide are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.