Driving Regional Industrial Growth through Innovation

Affirming the growth of AI in the region, a report released by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the region using it in their jobs over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are ready to deploy AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's data governance community, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area appealing, consisting of having more practical laws to permit experimentation and growth," stated the report.

Top magnate, policymakers and investors from the GCC and Latin America just recently explored how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, organization leaders, financiers, and market specialists went to the very first Global Company Online forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC made up of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for vital products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a statement.

The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can benefit from the changing patterns of global need and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by acting as a details and research study centre, by offering organization paperwork, using legal services, helping with networking chances via signature business events and providing practically every conceivable business service, it specified.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow slightly. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue elsewhere.

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SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.

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Reacting to a concern on local startups' potential customers of benefiting from current investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, policy and information personal privacy; and truly strong universities that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.

Our greatest chauffeur right now is investing in skill, due to the fact that in the AI race, it's the technical talent that actually wins."Concentrating on the beauty of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are extremely lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International growth funds are coming in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local federal governments to bring in skill; their innovation-first method, abundance of capital here as well as inflow worldwide are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "biggest ticket size" offers taped in 2025 in the nation.