The Gulf bets big on AI as it seeks the 'new oil'

The Gulf states, particularly the UAE and Saudi Arabia, are making significant investments in artificial intelligence (AI) as they seek to diversify their economies beyond their reliance on oil and gas. These countries are partnering with the United States to position themselves as global hubs for AI innovation and development. The UAE has launched several initiatives, including the UAE Artificial Intelligence Strategy, aimed at making the country a leader in AI by 2031. Saudi Arabia, on the other hand, has invested billions of dollars in AI-related projects and has established the King Abdulaziz City for Science and Technology as a hub for AI research and development. The Gulf states see AI as the "new oil" and are eager to attract top talent, multinational companies, and investment in this field. They are offering incentives, such as tax breaks and access to advanced infrastructure, to lure AI companies and experts to the region. The partnership with the US is expected to further boost the Gulf's AI capabilities and its global competitiveness in this rapidly evolving technology landscape.