Artificial Intelligence to boost global economy…

Artificial Intelligence (AI) is all set be the game-changer for world economy, as per the latest study by PWC, it is projected that AI will add up to $15.7 trillion to the global economy in 2030. Of this, $6.6 trillion is likely to come from improved production, and $9.1 trillion is expected to come from customer benefits.

Key Takeaways

Limitless opportunities are
waiting
Top industries for using AI

Last Reviewed: April 2026 | Sources: DrJobPro Hiring Data Q1 2026.

Amid the 4th industrial
revolution, governments and companies across the Middle East are starting to
see a global change towards AI and new technologies. They are confronted with
the challenge of being part of, or being left behind in, a technical
revolution. Looking at the economic effects for the country, it is not a choice
to be left behind. The study predicts that the Middle East is projected to
enjoy 2% of the potential global AI benefits by 2030. This is similar to that
of the US $320 billion.

The most significant gains are
anticipated to accrue to Saudi Arabia, where AI is expected to contribute more
than US$135.2 billion to the economy in 2030, equal to 12.4% of GDP. In
relative terms, the UAE is predicted to have the highest effect of
approximately 14 percent of GDP in 2030.

The highest annual growth of the
AI contribution will be in the UAE, followed by Saudi Arabia. Generally, the region’s
expected growth is estimated to be between 20-34% per year.

The scale of the projected effect
in these two countries is predicted given their increasing investment in AI
technology -both countries rank among the top 50 countries globally on the
Global Innovation Index 2017 to adequately to innovate and their innovation
performance.

Limitless opportunities are
waiting

AI can radically transform
economies in the Middle East by developing revolutionary new services and entirely
new business models. We have now seen the effect of the first wave of
digitalization. With the emergence of AI, some of the market leaders in ten or
even five years may be businesses you’ve never heard of.

Today, if governments and
companies are to nurture and mature AI to the fullest potential, there is so
much more ‘up to catch,’ and countless possibilities await.

Beyond 2030, the scale of AI
impacts both the economy and society will almost definitely expand. Hence, the
Middle East needs to be strategically situated to have a gateway for the
future.

Top industries for using AI

The scope for AI applications
varies depending on the market. Analysis undertaken by the International Data
Corporation (IDC) found that the most significant market for AI in the Middle
East and Africa region is in the financial sector, where it is expected that 25
percent of all AI investment in the area forecasted for 2021, or $28.3 million,
will be spent on developing AI solutions. This is followed by public services
like education and healthcare and manufacturing.

The potential benefits will depend
on two main factors: automation abilities and sectors that have many automation
possibilities.

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