Sharjah Investment Forum 2024 contributes to UAE’s ongoing momentum in bringing a technological revolution

The global community is on the verge of a massive technological revolution that could easily jumpstart productivity, boost advancement and raise incomes across the globe. There is a possibility of artificial intelligence boosting global GDP by 1.2% a year soon.

The UAE is mapping out strategic plans to achieve a quantum leap in economic performance by the middle of the century and, simultaneously, ensure the process is as much as possible inclusive, sustainable and pro-humanity, reported Khaleej Times.

The UAE and Saudi Arabia have been making significant investments in cutting-edge semiconductor technology and artificial intelligence infrastructure – clearly to diversify their oil-reliant economies and build a foundation for future technological leadership.

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Sharjah Investment Forum (SIF 2024) on September 18-19

Sharjah is eyeing at major progress in the technological field. In 2023, the emirate dedicated 35% of its budget to strengthen economic diversification and attract FDI in artificial intelligence, deep tech, green technology, healthcare tech and advanced manufacturing.

The upcoming Sharjah Investment Forum (SIF 2024) on September 18 to 19 is a continuation of the UAE leadership’s ongoing efforts to understand the possible impacts artificial intelligence can have on economic activity.

Next month, more than 2,000 international and local delegates, including government and corporate leaders, are set to cooperate in harmony to harness the myriad innovations and applications of deep tech to address critical global challenges.

Redefining Middle East’s economic & technological landscape

Governments across the globe are investing in smart city projects. The UAE is not an exception. This year, the Gulf state invested $3 billion in innovation and SIF 2024 takes this incredible momentum ahead by offering a platform for important discussions.

The September forum’s discussion itinerary – led by more than 100 financial and technology pioneers and investment gurus and clean energy experts – has been carefully curated to bring deep tech out of its cocoon to offer practical solutions.

SIF 2024 comes against a backdrop of the vast Middle East becoming a determinant player in the global artificial intelligence race. The UAE and Saudi Arabia are spearheading efforts that could redefine the region’s economic and technological landscape.