Abu Dhabi Records 67% Annual Surge in AI Company Registrations: Study

Abu Dhabi witnessed a remarkable 67% compound annual growth in the registration of AI (Artificial Intelligence) companies between 2021 and 2023, as per a study by the Business & Economics Intelligence Sector at the Abu Dhabi Chamber of Commerce and Industry.

The research highlights Abu Dhabi's ambitions to utilize AI systems, applications, technologies and solutions to leverage the latest technology to not only serve humanity but also contribute to sustainable development.

CEO of the Abu Dhabi Chamber Ahmed Khalifa Al Qubaisi noted that Abu Dhabi is one of the most pioneering destinations, thanking the emirate's efforts in enhancing the contribution of AI to sustainable development.

Al Qubaisi shared that the sector is expected to contribute an additional $13 trillion to global economic activity by 2030, which is equivalent to 16% of cumulative global GDP. He also praised the President of the United Arab Emirates Mohammed bin Zayed Al Nahyan for guidance and support.

"This commitment is further underscored by the adherence to the UAE National Strategy for Artificial Intelligence 2031 and is in line with the UAE Centennial Plan 2071, which aspires to make the UAE a global leader in all fields," he said, WAM reported.

He said that the Abu Dhabi Chamber is "committed to aligning with Abu Dhabi's approach in AI," adding that "it has been a forerunner among chambers of commerce globally, activating the use of the first AI-powered platform (ChamberGPT)."

ChamberGPT has been dedicated to handling business processing inquiries in Abu Dhabi since its launch in 2023.

"As the AI landscape becomes clearer in Abu Dhabi, the private sector and investors are increasingly interested in establishing companies that focus on innovation and artificial intelligence research and consultancies. There is also a surge in the management and operation of AI robotic systems in various business sectors," Al Qubaisi added.

The CEO emphasized that the decision to focus on Artificial Intelligence is not an impulsive move and recalled the government's launch of Advanced Technology Research Council in 202. This led to the establishment of AI71, an AI company dedicated to enhancing decentralized data control globally.

Al Qubaisi noted that Abu Dhabi also established the Technological Innovation Institute (TII) to supervise research related to AI, data science and autonomous robots alongside the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) for AI, computer vision, machine learning and natural language processing.