‍Photo credit: Kevin Villaruz/Pexels

The UAE is once again blazing a trail in the business world, this time while embracing new technology. 

On Tuesday, WAM announced that the Abu Dhabi Chamber of Commerce and Industry revealed that it registered more than 400 artificial intelligence companies in the UAE capital in the first half of 2024, as AI continues its rapid growth across the emirate and beyond.

A study by the Chamber showed that the surge in AI companies illustrated the sector's swift expansion locally and Abu Dhabi's increasing attractiveness as a leading hub for technological innovation and business both regionally and globally.

The study also revealed that commercial activities related to innovation and AI research and consultancies accounted for 69% of all activities up to the end of June. This indicates the growing interest from both the government and private sectors in advancing technology and promoting economic growth by focusing on high-level, value-added research and consulting services. AI training activities ranked second, followed by the management and operation of AI robotic systems at 10%. 

The Abu Dhabi Chamber plays a pivotal role in supporting AI companies by providing a platform for communication and collaboration, facilitating commercial exchange, and developing policies aiding the growth of AI companies. It acts as a bridge between AI companies and regulatory bodies within the emirate and across the UAE.

The study also highlighted the role of the Abu Dhabi Chamber in advancing the AI landscape in Abu Dhabi and promoting the adoption of innovation and digital transformations, aligning with the Chamber's current strategy, which aims to position Abu Dhabi as the number one choice for in the Middle East and North Africa (MENA) region for business and talent by 2025.

To achieve this, the Chamber offers comprehensive digital services tailored to the needs of AI companies, enabling them to access the resources, information, market insights, and support necessary for success in Abu Dhabi's business environment.

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