Industrial Excellence: a Key Pillar for Regional Success

Affirming the development of AI in the region, a report released by PwC earlier this month stated that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their tasks over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance environment, including national efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to permit experimentation and growth," stated the report.

Top organization leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, organization leaders, investors, and market specialists participated in the very first Global Company Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for important items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can benefit from the changing patterns of worldwide demand and what function Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by functioning as an info and research study centre, by offering organization paperwork, using legal services, helping with networking chances by means of signature organization occasions and delivering practically every imaginable organization option, it stated.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong but slow somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist somewhere else.

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SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.

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Reacting to a concern on regional start-ups' prospects of taking advantage of recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, regulation and data personal privacy; and truly strong universities that are increasingly taking a look at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.

Our greatest driver right now is investing in talent, since in the AI race, it's the technical talent that really wins.

"International development funds are coming in, which reveals clear indications of maturity of the community The ability of the UAE and regional governments to draw in skill; their innovation-first method, abundance of capital here in addition to inflow internationally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" deals recorded in 2025 in the country.