Tribune News Network
Doha
The Investment Promotion Agency Qatar (Invest Qatar), in collaboration with Accenture, has released a landmark report titled “Data & AI: Redefining the Growth Frontier in Qatar.” This comprehensive analysis delves into the transformative potential of data and artificial intelligence (AI) in reshaping Qatar’s economy, emphasizing the country’s emerging role as a regional leader in digital innovation.
Launched alongside the inaugural World Summit AI Qatar 2024, the report highlights the immense opportunities within industries undergoing AI-driven evolution. It explores the global surge in AI investments, from advancements in automation to the integration of data analytics for predictive decision-making, and outlines how Qatar is uniquely positioned to capitalize on this technological
revolution.
The report identifies healthcare, finance, energy, and manufacturing as key sectors undergoing rapid AI transformation. It underscores AI’s potential to contribute $19.9 trillion to the global economy and drive 3.5 percent of global GDP by 2030. With 98 percent of business leaders prioritizing AI investments, the study emphasizes how Qatar’s forward-looking policies and investments in AI infrastructure position the nation as a leader in the field.
Qatar’s robust investment in technology infrastructure, combined with strategic government initiatives and public-private collaborations, is accelerating the growth of its data and AI ecosystem. The report highlights several of Qatar’s competitive advantages, including its skilled workforce, access to capital, and appetite for adopting disruptive technologies.
Commenting on the nation’s progress, Invest Qatar CEO Sheikh Ali Alwaleed Al Thani said, “We are at a crucial juncture where data and AI are not just transforming industries but redefining economic frontiers. With Qatar’s focus on fostering a knowledge-based economy, this report serves as a strategic guide for unlocking the vast potential of data and AI, both within Qatar and globally.”
Country Managing Director for Accenture in Qatar Mejdi ElKhater said, “With Qatar’s firm commitment to its National Digital Agenda 2030, we are witnessing a transformative phase where AI is being strategically embedded across all sectors. By prioritizing substantial technological investments and nurturing a highly skilled workforce, Qatar is ensuring AI’s responsible and sustainable integration into its economy. This report provides a detailed and insightful perspective on AI’s immense potential and future prospects within the nation.”
Earlier this year, Qatar unveiled its Digital Agenda 2030, a bold vision charting the nation’s digital transformation journey. The agenda aims to position Qatar among the top 10 nations on the Digital Competitiveness Index by 2030, creating 26,000 new jobs and allocating $2.5 billion in incentives to promote technological advancements. This framework reflects the country’s ambition to become a global leader in the digital economy by fostering innovation and AI integration across industries.
The launch of “Data & AI: Redefining the Growth Frontier in Qatar” aligns with Qatar’s broader efforts to solidify its role in the global digital economy. The report emphasizes the nation’s readiness to harness AI’s transformative power while addressing its potential societal and economic implications.
By focusing on responsible AI deployment and fostering innovation, Qatar is laying the groundwork for sustainable growth. The report underscores Qatar’s commitment to not only leveraging AI to enhance existing industries but also creating new opportunities that align with its National Vision 2030.
