BCG report

The BCG study found widespread workplace AI use across the Gulf, but warns companies need clearer strategies to turn productivity gains into business value

The broader Africa, Middle East, and Central Asia region recorded a 6 per cent increase in aggregate deal value, though activity remains below the 10-year average

The report also revealed that investable wealth is projected to grow from $942bn in 2024 to $1.34tn by 2029, with a 7.2 per cent CAGR

The report notes the UAE’s strategic commitment to space, with a $443m investment in civil space for 2024

In terms of investment, the kingdom has set a target to attract $20bn in AI investments by 2030, BCG stated

The region’s 9 per cent AuM growth underscores its rising prominence as a hub for institutional and retail capital, says BCG’s Lukasz Rey