FNC's Call for AI Investment in Marrakech
The Federal National Council (FNC) of the UAE recently participated in the Fourth Edition of the Marrakech Economic Parliamentary Forum, which took place from June 19 to 20. This significant event was organized by the Parliamentary Assembly of the Mediterranean (PAM), in collaboration with the House of Councillors of Morocco, alongside the Parliamentary Network of the World Bank and the International Monetary Fund (IMF). During this forum, the FNC underscored the vital importance of increasing investments in artificial intelligence (AI), recognizing it as a pivotal factor in driving economic transformation on a global scale.
Artificial Intelligence: A Catalyst for Economic Change
In a session aptly titled “Fostering Investment in Artificial Intelligence and the Creation of a Euro-Mediterranean and Gulf AI Hub,” FNC member Dr. Ahmed Al Mansouri articulated the profound impact that artificial intelligence is having on the global economy. He emphasized AI's crucial role in economic management, market analysis, industrial advancement, and the enhancement of essential sectors such as food production, healthcare, and education. Dr. Al Mansouri highlighted the UAE's proactive approach towards AI, which includes the establishment of a dedicated ministry for AI and significant international collaborations aimed at elevating the sector.
He further noted that the UAE has made substantial investments in AI, amounting to over AED 543 billion during 2024 and 2025. This financial commitment is part of the UAE's broader national AI strategy, which aims to position the country as a leader in AI technologies. The establishment of the UAE–US AI Campus in Abu Dhabi has been a notable milestone, reflecting the nation’s strategic initiatives in fostering innovation and technological advancement.
Dr. Al Mansouri proposed the creation of a Euro-Mediterranean and Gulf Artificial Intelligence Centre. This centre would function as a collaborative platform to foster research, investment, and legislative cooperation, facilitating the exchange of knowledge, capacity building, and innovation. Furthermore, it aims to develop governance frameworks that ensure the responsible and ethical use of AI technologies, which is essential for maintaining public trust and maximizing the benefits of AI across various domains.
Concluding his remarks, Dr. Al Mansouri asserted that the future stability and equity of the global economy hinge on nations' willingness to embrace technological advancements, invest in knowledge, and promote development models driven by innovation. The FNC's call to action emphasizes the critical need for enhanced investments in AI as a pathway to achieving these goals and fostering a sustainable economic future.
As reported by sharjah24.ae.
