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Verifying the development of AI in the area, a report launched by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the area using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's information governance environment, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to permit experimentation and growth," said the report.
How Emerging Saudi Centers Are Drawing In Global InvestmentLeading company leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, organization leaders, financiers, and market professionals attended the very first Global Company Online forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for necessary items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how organizations can gain from the altering patterns of international need and what function Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as an info and research centre, by supplying company documentation, using legal services, assisting in networking opportunities via signature business events and providing practically every conceivable company option, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid but sluggish slightly. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and talent, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.
How Emerging Saudi Centers Are Drawing In Global InvestmentReacting to a concern on regional start-ups' potential customers of gaining from current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot choosing us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data privacy; and truly strong educational organizations that are progressively taking a look at AI and ending up technical talent in AI."She included: "Our supreme goal is to see this area, particularly the GCC, become an AI superpower.
Our greatest driver right now is investing in skill, because in the AI race, it's the technical skill that truly wins.
"International development funds are being available in, which shows clear signs of maturity of the community The ability of the UAE and regional governments to attract talent; their innovation-first method, abundance of capital here as well as inflow worldwide are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of deals with the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
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