Abu Dhabi sees 67 percent annual increase in AI company registrations

Artificial intelligence (AI) company registrations in Abu Dhabi have soared by an impressive 67 percent between 2021 and 2023, as revealed by a recent study from the Business & Economics Intelligence Sector at the Abu Dhabi Chamber of Commerce and Industry (ADCCI). This surge cements Abu Dhabi’s status as a global frontrunner in the AI industry, underlining the emirate’s commitment to utilizing technological advancements for sustainable progress.

Abu Dhabi’s AI Vision: The study sheds light on Abu Dhabi’s ambitions to harness the potential of AI systems, applications, and technologies to serve humanity and drive sustainable development across diverse domains. With a strategic focus on AI investment, the ADCCI aims to bolster the reputation and competitiveness of the private sector. Additionally, it endeavors to position Abu Dhabi as the premier business destination in the Middle East and North Africa (MENA) region by 2025 through the implementation of supportive policies and embracing innovation and digital transformations.

Ahmed Khalifa Al Qubaisi, CEO of the ADCCI, remarked on this achievement, stating, “It is expected that the sector will contribute an additional $13 trillion to global economic activity by 2030, an increase equivalent to 16 percent in cumulative global GDP compared to the present.”

Government Support: Al Qubaisi emphasized that Abu Dhabi’s AI initiatives are in alignment with national strategies, including the UAE National Strategy for Artificial Intelligence 2031 and the UAE Centennial Plan 2071, guided by the vision of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.

Increased AI Adoption: Highlighting the Chamber’s commitment to advancing AI adoption, Al Qubaisi mentioned initiatives such as ChamberGPT, an AI-powered platform dedicated to handling business inquiries. He also noted the growing interest among private sector entities and investors in establishing AI-focused companies, alongside a surge in the management and operation of AI robotic systems in various business sectors.

Abu Dhabi’s Efforts: The Abu Dhabi government has furthered the adoption of AI through the launch of the Advanced Technology Research Council in May 2020, leading to the establishment of AI71, an AI company dedicated to enhancing decentralized data control globally. Additionally, the Technological Innovation Institute (TII) was launched to oversee research related to AI, data science, and autonomous robots. Abu Dhabi also introduced the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), ranking among the 30 most prominent worldwide institutions for AI, computer vision, machine learning, and natural language processing.

Promising Outlook: The study confirms that Abu Dhabi’s strategic investments in AI research, innovation, and infrastructure position it as an appealing destination for AI startups, investors, and talent. With its holistic approach to integrating AI across various sectors, Abu Dhabi is poised to capitalize on the transformative potential of artificial intelligence, emerging as a leading hub for innovation and sustainable development on the global stage.

For businesses seeking to leverage technological advancements in the region, including web development services in Dubai, Abu Dhabi's commitment to AI presents an enticing opportunity for growth and collaboration.