logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. AI boosts business of 88% of Saudi Arabia, UAE organizations

AI boosts business of 88% of Saudi Arabia, UAE organizations

NOHA.GAD
Nov 14, 2024
88% of Saudi and Emirati organizations that adopted AI early reported improved performance

Riyadh - Sharikat Mubasher: Saudi Arabia and the UAE have made substantial investments in artificial intelligence (AI) technologies in recent years to become global hubs for technology, thanks to AI’s transformative role in bolstering businesses.

A recent whitepaper published by Amazon Web Services (AWS), in collaboration with International Data Corporation (IDC), stated that 88% of organizations in Saudi Arabia and UAE that adopted AI early reported improved performance while only 28% of organizations have already started experimenting with AI.

The whitepaper, which surveyed 166 organizations, revealed that early AI adoption is already transforming private and public-sector organizations in Saudi Arabia, however, there is a risk of creating a digital divide between those who embrace the technology and those who fall behind. 

It found that 66% of Saudi organizations expressed concerns about unclear privacy and security regulations, underscoring the need for a balanced regulatory approach that fosters both growth and responsible AI development.

Around 51% of Saudi organizations cited a lack of digital skills and expertise as a barrier to AI adoption. However, 69% of Saudi organizations are planning to invest in data literacy and AI skills enablement in the next 12-18 months.

Yasser Hassan, Managing Director for MENAT at AWS, said: “Early adoption is key, with AI-invested Saudi organizations already experiencing improved business performance. AWS is committed to supporting this journey by empowering organizations to embrace AI responsibly and securely, providing the needed infrastructure and expertise to navigate the AI landscape confidently and drive growth."

Moreover, the whitepaper focused on key industries including government, finance, hospitality, and retail.

Tags

Saudi Arabia
UAE
AI
Performance
Share

Attract clients with your ad

Start Now

Trending

Alinma invests in Qashio to advance corporate spend management in Kingdom
MUBASHER
Wazen Financial partners with Synclane to boost corporate treasury management
Riyadh – Sharikat Mubasher: Wazen Financial signed a technical integration agreement with Synclane, a specialist in treasury management systems, to deliver advanced solutions for cash flow and financial account management targeting large corporations and financing companies in Saudi Arabia and the wider region.As per a recent press release, the partnership aims to enhance the efficiency of corporate financial operations by adopting cutting-edge technologies for liquidity and treasury management. The new tools will help businesses manage resources with greater accuracy and transparency, supporting strategic decision-making on cash flows.Wazen Financial said the collaboration supports its digital transformation strategy by offering integrated, automated account management solutions that meet both local and international compliance standards. The initiative is expected to improve long-term financial planning, strengthen risk management, and provide greater flexibility amid economic challenges.The company added that this agreement reinforces its role as a trusted provider of innovative fintech solutions, in line with Saudi Vision 2030 objectives to develop a competitive and digitally driven financial sector.
MoneyHash partners with Moyasar to drive digital transformation in Kingdom
MUBASHER.SA
Tap Payments expands to 9 countries, eyes global partnerships
MUBASHER
Moneymoon secures SAR 11 mn in pre-Series A round
MUBASHER.SA

Related News

Private Equities News
Calendar Icon
Sep 18, 2025
MoneyHash partners with Moyasar to drive digital transformation in Kingdom
Read More
Private Equities News
Calendar Icon
Sep 18, 2025
Report: Saudi Arabia to capture 20% of regional civil space services market
Read More
Private Equities News
Calendar Icon
Sep 18, 2025
Enjaz showcases tech solutions at Money 20/20 Middle East
Read More
Private Equities News
Calendar Icon
Sep 17, 2025
Madkhol unveils ‘Ratibi+’ at Money 20/20 Middle East
Read More
Private Equities News
Calendar Icon
Sep 17, 2025
Solutions inks framework agreement with Aramco for computing infrastructure
Read More
Private Equities News
Calendar Icon
Sep 17, 2025
Muhlah Zamaniyah gets SAMA nod to offer consumer microfinance solutions
Read More
Private Equities News
Calendar Icon
Sep 17, 2025
PIF’s Humain explores global funding to expand AI data centers
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher