Two companies will collaborate on the development and deployment of Smart City solutions, according to a bourse filing
Big data analytics company Presight AI Holding, a subsidiary of UAE's G42, has signed a memorandum of understanding (MoU) with Dell Technologies to accelerate digital transformation and innovation across various sectors in the Middle East through the integration of technology and big data analytics.
Read more: UAE's Presight AI Holding, Dell Technologies partner to boost digitalisation in MENA
Mastercard Cities of the Future Report on the Mena region finds that priority innovations span connected buildings, smart travel and services powered by AI.
More than three-quarters of people (76 per cent) living in Egypt, Saudi Arabia and the UAE agree that living in a smart city would make them happier, according to research by global payment technology company Mastercard.
Read more: MENA: Majority believe living in a smart city would make them happier
The digital transformation investments in Africa, the Middle East, and Türkiye, are predicted to double across the 2022–2026 period.
This is according to the latest forecast from International Data Corporation.
The global technology research, consulting, and events firm says spending in the region will accelerate at a compound annual growth rate of 16 percent over the five-year period, topping $74 billion in 2026 and accounting for 43 percent of all information and communications technology investments made that year.
Read more: Digital transformation in Africa and Middle East to hit $74 billion by 2026
Cutting-edge training programmes are thriving in Arab states, fuelled by collaboration between government, business and academic institutions.
It’s crunch time: A reskilling revolution is crucial if we don’t want workers to be left behind by automation.
The World Economic Forum predicts 1 billion jobs – a third of all jobs worldwide – will be transformed by technology by 2030. Inevitably, traditional sectors will be displaced as demand shifts to emerging tech including data analysis, generative AI and software development.
Read more: MENA: Three ways Saudi Arabia, Bahrain, Qatar are leading the skills revolution
This MENA region includes nations like the United Arab Emirates (UAE), which are at the forefront of digital innovation and development. Even though the MENA area is known for its political tensions on a global scale, it has managed to lead the way in technological advancement and digital transformation. The density or penetration of the internet has reached close to 100% in many countries of the MENA region. This demonstrates how the area continues to compete on a worldwide scale in both technology and business. The Middle East cloud apps industry is something to keep an eye on since tech collaboration in these areas appears to be at an all-time high.
Read more: Era of cloud computing technology rolls out in MENA region