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Dubai ranks first globally in attracting FDI for AI, robotics

March 13, 2019 / Khaleej Times

Dubai ranked first globally in attracting foreign direct investments for artificial intelligence and robotics; while the UAE ranked sixth in the global Smart Service Index, surpassing the US, UK, and South Korea. The Emirate has attracted from 2015 to 2018 $21.6 billion worth of FDI in high-end technology transfers, with the most from the European Union and the US - $5.7 billion and $3.9 billion, respectively.
These figures were released in connection with the Annual Investment Meeting, which will be held from April 8-10 in Dubai. The organizers of AIM said that digitalization is becoming an increasingly important part of globalization, and the fact that Dubai ranks on the top position for artificial intelligence and robotics confirms that the city is fast emerging as the global destination for investment in smart technologies.