The profound impact that artificial intelligence is having on societies and economies globally is impossible to ignore. Everywhere we look there is either discussion or evidence of the transformative role this disruptive technology is playing in our daily lives and workplaces.
I have witnessed this firsthand in many scenarios and situations, in industries such as logistics, healthcare, or finance, and I can see that the benefits are truly compelling. Whether it is increased efficiency, improved accuracy, or better decision making, AI has shown how it can automate tasks, make slow processes fast, and convert hassle into order.
But, alongside the enormous advantages AI brings, there are genuine ethical concerns about workforce disruption, where many fear that AI could make their jobs obsolete. In the Middle East North Africa (MENA) region, these fears do not fall on deaf ears, and that’s why governments here are working hard to balance the benefits of AI-driven productivity in a way that enables inclusive growth to ensure workforces can be upskilled and employment opportunities are gained.
In my view, AI should be seen for its potential to drive inclusive economic growth, rather than a tool to take jobs away.
Here in the UAE, the Federal Government is embracing the future of AI. For instance, at the beginning of last year, UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan unveiled the Artificial Intelligence and Advanced Technology Council (AIATC). Among its core priorities, the council will develop and implement policies and strategies related to research, infrastructure, and investments in AI and advanced technology in Abu Dhabi.
Iman Khalid Al Marzouqi
Group Chief Support Services Officer
Alongside the AIATC, the UAE has a designated Minister for Artificial Intelligence, and the country has also laid out a national roadmap for AI in the ‘UAE National Strategy for Artificial Intelligence’ 2030.
These important initiatives signify the UAE’s intent, with the country showing exactly what it takes to embrace the future of AI. At the same time, it demonstrates that the UAE is placing AI at the forefront of future economic growth, and importantly job creation. That future economy has vast potential, as according to PricewaterhouseCoopers forecasts AI could contribute up to 14 per cent of the UAE’s gross domestic product by 2030.
The UAE is prioritising the creation of new roles and specialisations for professionals in AI powered sub sectors such as green tech, healthcare technology, personalised education, and even robotics. Hand in hand with this, also investing in continuous learning so workers can transition into new roles, as well as focusing on digital literacy, data analysis, AI management, and human-centric skills like leadership, creativity, and emotional intelligence.
In my view, it is not just for Governments to act alone in embracing AI, major entities are also stepping up. That is why at Alpha Dhabi we have adopted a futuristic approach to artificial intelligence. Both internally and externally we believe that by investing in AI and elevating the workforce, we can drive sustainable growth for Alpha Dhabi Holding and portfolio companies, which in return support the economic and social development of Abu Dhabi and the UAE.
We see AI as a partner, not as a replacement.
That’s why across our organisation, we’re providing training on AI tools and platforms, and we are encouraging collaborative planning with AI-driven insights. In our workplace, we promote discussions about ethical AI use in investing, and collectively we’ve come to view AI as an ally rather than a threat. We see obvious benefits in our line of work, including increasing the efficiency of capital markets, investment, asset allocation, as well as in helping to evolve our workforce skills.
Even in our recent partnerships we’ve demonstrated the power of AI. A great example is our joint venture with ADNOC Drilling, Enersol where we are using AI-driven technology by providing AI-tech-enabled energy solutions that enhance operational efficiency, improve safety and drive economic diversification. Again, this is about upskilling, using AI as a partner rather than a replacement.
In the road ahead we are optimistic about the positive role that AI will have on the economy and society and most importantly, on our people.