Microsoft, in partnership with its extensive ecosystem, is expected to inject $74.4 billion into the UAE economy over the next four years, as revealed by a new IDC study launched at GITEX Global 2024.
The report, titled ‘Microsoft Cloud Dividend Snapshot for the UAE’, underscores the impact of Microsoft’s cloud services in transforming the UAE’s digital landscape, creating jobs, and fostering innovation.
The study highlights that Microsoft and its partners will allocate approximately $5.1 billion to develop and enhance data centre regions within the UAE. This investment will accelerate the growth of local enterprises, especially those aiming to leverage cloud and AI technologies to stay competitive.
He projected investment is expected to generate 152,530 new jobs, supporting various sectors and strengthening the UAE’s knowledge-based economy.
Naim Yazbeck, General Manager of Microsoft UAE, commented: “As organisations across the UAE and the region seek to leverage the latest advancements in Artificial Intelligence, the cloud remains the foundation upon which these innovations are built. At Microsoft, we are committed to providing highly secure, trusted, enterprise-grade cloud services that are critical for organisations accelerating their AI transformation journey. Our investment in local datacentres, our partner ecosystem, and the broader digital economy reflects our ongoing dedication to empowering government institutions and businesses to innovate, drive economic growth, and create sustainable jobs for the future.”
