Page 49 - FUTURE FESTIVAL PR REPORT - MAY 2024

5/15/24, 11:22 AM Future Festival 2024 set to highlight AI-driven innovations and connect industry leaders for the first time in Dubai
and insights from the event for participants.
According to International Data Corporation, annual spending on AI in the Middle East and Africa is anticipated to increase
by 32 per cent. The UAE stands to benefit the most from this, especially as the technology sector is set to contribute
approximately USD 97 billion to the country's GDP.
The UAE is also committed to achieving the goals outlined in the UAE Centennial 2071, and has begun integrating AI into
government operations, which promises to improve efficiency and effectiveness, positioning the country as a global leader
in AI applications. Assuming that automation is extensively implemented in each industry, the UAE could benefit from an
increase in economic output of AED 335 billion.

The Future Festival, which has Expo City and the Dubai Future Foundation as Strategic Partners, not only showcases
Dubai's commitment to advancing AI, but further supports the UAE's broader AI Strategy, which aims to accelerate growth in
the fields of community welfare, education, economy, and the government. With its valuable insights into the rapidly
evolving world of technology, Trend Hunter - the largest community for trend spotting across industries - will also play a key
role in supporting this influential forum. As expectations rise, the 'Future Festival' will serve as a point of inspiration, allowing
participants to embark on a journey of knowledge and collaboration.

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