Technology / #ForbesTechnology



November 13, 2019,   5:32 PM

4 UAE-Based Companies That Tapped Into AI This Year

Samar Khouri

FULL BIO

adnoc distribution dip station

The UAE is making huge strides in AI among many technological advancements and is quick to promote its development. The country appointed a Minister of State for Artificial Intelligence in 2017 and the government launched the National Artificial Intelligence Strategy 2031 with a focus on making the UAE a global leader in AI.

According to PWC, the adoption of AI solutions is estimated to increase the country’s GDP by $96 billion by 2030. Accenture’s report also revealed that artificial intelligence will significantly impact the finance ($37 billion), healthcare ($22 billion) and storage and transport ($19 billion) sectors, adding $182 billion to the economy by 2035.

Aligned with this, UAE-based firms and institutions have been seen embracing the advancement of technology and AI this year. Here’s a rundown of some names in the local market so far:  

ADNOC

The Abu Dhabi National Oil Company (ADNOC) recently signed an agreement with Abu Dhabi’s Group 42 to commercialize and develop market-leading AI products for the oil and gas sector.

The joint venture will enable Group 42 to create a new Abu Dhabi-based AI-cloud and supercomputing company, providing AI-based technological solutions for the industry.

Mohamed bin Zayed University of Artificial Intelligence

Abu Dhabi is now home to the world’s first graduate-level, research-based AI university, named the Mohamed bin Zayed University of Artificial Intelligence, as part of the country’s National Artificial Intelligence Strategy 2031.

The university received 3,200 applicants in the first week after its launch, with the majority of applications coming from the UAE, Algeria, Egypt, Saudi Arabia, India, and China.

Classes will commence in September 2020 at the university's Masdar City campus.

Royal Strategic Partners

Tencent-backed UBTech Robotics reportedly inked a $362 million AI education project deal with Royal Strategic Partners, an affiliate of Abu Dhabi Capital Group.

The world’s biggest deal in the AI education field between the Chinese humanoid robotics and AI firm and the Abu Dhabi-based large-scale investment company is aimed at setting up AI teaching labs for 1,310 primary and secondary schools across the UAE in the next four years.

Abu Dhabi Media

Earlier this year, Abu Dhabi Media announced a partnership with China’s second-largest search engine Sogou in creating the first AI Arabic-speaking news anchor in the world.

The virtual news presenter will be able to deliver news in Arabic and English on the Abu Dhabi-based media and entertainment firm’s channels.



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