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The UAE is poised to become a global leader in artificial intelligence, with forecasts indicating that AI will contribute 14% to the nation's GDP by 2030, amounting to $100 billion. The AI market in the UAE is expected to surge from $3.47 billion in 2024 to an impressive $46.33 billion by the end of the decade. This growth is driven by government initiatives and private sector investments, making the UAE an attractive destination for high-net-worth individuals seeking technology-driven investment opportunities.
The influx of millionaires into the UAE, projected at 8,200 in 2025, highlights the country's appeal as a hub for wealth management and investment in AI. Asset managers are increasingly recognizing the need to adapt their strategies to incorporate AI and technology, as traditional markets become less reliable. The UAE's ambitious plans, including a $30-$50 billion investment in a 1-gigawatt AI data center, further solidify its position as a global powerhouse in AI innovation.
• AI expected to contribute 14% to UAE's GDP by 2030.
• UAE's AI market projected to grow to $46.33 billion by 2030.
AI is a technology that enables machines to perform tasks that typically require human intelligence, such as decision-making and problem-solving.
HNWIs are individuals with substantial financial assets, often seeking innovative investment opportunities in emerging markets like AI.
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A. focuses on securitization and financial services, leveraging AI to enhance investment strategies for high-net-worth clients.
G423 is involved in private sector investments in AI, contributing to the UAE's growing technology landscape.
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