UAE AI minister: 'We'll have 10,000 AI companies in five years' | Computer Weekly

""We're trying to have a balanced approach where we understand what the end game is, and we're doing it with very active steps," said Al Olama. "We're doing a lot to try to attract the best brains and the best companies here. We have over 1,500 companies that are pure AI companies, and that's the highest in the region. We believe this is a starting point, and our goal is to reach 10,000 in the next five years.""

"The emirate's plans in AI have a broad government planning backdrop in its UAE Centennial 2071 initiative. This will mark the country's 100 years of independence from Britain, and sees AI plans to boost public and private sector performance at all levels and make the country a world leader in the field - an aim that will help its successful diversification away from over-dependence on oil and gas revenues."

The UAE currently hosts over 1,500 pure AI companies and targets 10,000 within five years through active government steps to attract talent and firms. The country appointed a minister for AI in 2017 and uses frameworks and incentives to encourage AI adoption across industries. AI plans sit within the UAE Centennial 2071 initiative to boost public and private sector performance and drive economic diversification away from oil and gas. Core policies include an AI certification and ranking programme to rate companies by competency and integration into the national economy, and efforts to incentivise traditional sectors to adopt AI.

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