Drones and Robotics in the UAE . . .
According to a recent white paper produced by a London, UK based market research firm, the MENA region’s efforts in using latest technology in their approach to “Smart” cities in the UAE are beginning to bear fruit. A review of all related activities is proposed by country and accordingly, it concludes that the United Arab Emirates and Morocco are leading the trends, notably highlighting the UAE as one that “outpaces other MENA countries in terms of ‘Smart’.”
Market research firm Euromonitor published a white paper on May 17th, 2016, on ‘How Technology is Transforming Businesses in the MENA Region’ written by Kinda Chebib.
The white paper’s analysts, demonstrate how by capitalising on the Information and Communication Technology (ICT) domain could add “$ trillions” to the region’s economies. As a matter of fact, “Smart Cities” are at this relatively difficult conjecture for the region, the nodal point around which the UAE are actively moving in a move to try and diversify their economies.
Furthermore, as per an Euromonitor’s estimation, Smart cities business could reach $3.3 trillion by 2025 worldwide and that about half of all of that would be from emerging markets with the GCC region to be one of a global drivers in Internet of Things (IoT) innovations, such as robotics, 3D printing, drones and mobile payments. Euromonitor International added citing industry experts from Gitex Technology Week that the GCC’s Cloud market is expected to reach $668.5 million by 2020 from an estimated $118.5m back in 2014.
An introduction / preface of the white paper is reproduced here below, for tentative purposes of opening the door and leaving it ajar, but we would advise its complete reading by downloading its PDF version by clicking here.
Digital technology and the Internet of Things are deeply transforming businesses and governments in the Middle East and North Africa, with technology and digital transformation expected to become increasingly crucial for competitiveness and economic growth in the region. The Middle East’s hunger for innovation makes it particularly well-positioned to take advantage of digital opportunities. This paper reflects how, while the uae outpaces other mena markets in terms of “smart”, Morocco is emerging as a leading force in the field. A young and tech-savvy population, as well as advanced information and communication technologies, or ict, infrastructure are key ingredients of their success but also offer strong benchmarks for other mena countries such as Egypt, Saudi Arabia or Iran. Euromonitor International’s research shows how capitalising on this domain can add trillions to the gdp of mena economies and revenues of companies operating in the region.