Gulf makes AI statement; Gaza war overshadows the Levant’s regional growth and development; Gulf real estate market moves to maximise its potential
The GCC aims to position itself as a global frontrunner in the data-driven artificial intelligence (AI) era.
There are clear examples of AI becoming a key part of government policy and significant investments are being made as the GCC takes advantage of abundant, cheap energy and capital vigour.
Traditional businesses in the Gulf are seizing AI’s potential, too. In March 2024, for example, Saudi Aramco introduced Aramco Metabrain, a generative AI model trained on data accumulated over the past 90 years. The private sector, meanwhile, also recognises AI’s benefits.
With AI promising to be a $1tn market by 2030, MEED takes an in-depth look at the GCC’s proactive stance in our latest issue of MEED Business Review. Read why investment, combined with forward-thinking government policy, will allow the GCC to make a statement with AI here.
This month’s exclusive 20-page market report highlights the Levant, where Jordan, Lebanon and Syria are contending with challenges amid heightened geopolitical tensions.
MEED’s latest issue is packed with insight and analysis. The team examines how the Gaza conflict is testing diplomatic ties between the UAE and Israel; assesses the ways in which the GCC is striving to boost foreign investment in real estate; looks at how healthy financials are driving business growth for Adnoc Drilling; and discovers that good preparation and planning are key to successfully delivering Saudi Arabia’s pipeline of mega-events.
This month’s issue also features coverage of MEED’s 2024 Saudi Giga Projects Summit, which showcased the schemes that are driving the kingdom’s ambitious Vision 2030 economic diversification strategy.
The July issue also includes an interview with Pierre Santoni, president of Europe, Middle East and Africa for Parsons Corporation, in which he discusses how ongoing infrastructure investment in the region continues to offer strong growth opportunities for the construction industry.
We hope our valued subscribers enjoy the July 2024 issue of MEED Business Review.
Must-read sections in the July 2024 issue of MEED Business Review include:
> AGENDA: Region plays high-stakes AI game; Data centres meet upbeat growth
> CURRENT AFFAIRS: Gaza conflict tests UAE–Israel ties
> OIL & GAS: Healthy financials drive Adnoc Drilling business growth
> INTERVIEW: Ambitious projects rebrand engineering
> LEADERSHIP: Delivering Saudi Arabia’s pipeline of mega-events
> LEVANT MARKET REPORT:
JORDAN
> COMMENT: Jordan manages to maintain its balance
> GOVERNMENT: Jordan policymakers walk tightrope
> OIL & GAS: Jordan refinery project delay is major setback
> POWER & WATER: Jordan’s utility sector buckles up
> CONSTRUCTION: Modernisation drives Jordan construction
LEBANON
> COMMENT: Lebanon’s economic fate is in limbo
> GOVERNMENT: Lebanon marks two years without government
> ECONOMY: Lebanon economic recovery postponed
SYRIA
> COMMENT: Syria’s reconstruction agenda stalls
> GOVERNMENT: Gaza conflict reignites violence in Syria
> ECONOMY: Regional diplomacy fails Syrian economy
> MEED COMMENTS:
> Kuwait sends a signal with refinery ceremony
> SLB’s Libyan crisis clouds outlook for oil sector
> Silicon plant boosts UAE industrial and net zero plans
> No time to lose in getting AI right
> GULF PROJECTS INDEX: Gulf projects market continues climb
> APRIL 2024 CONTRACTS: Contract awards value bounces back in May
> MARKET SNAPSHOT: Mena oil and gas industry trends
> OPINION: Italy at centre of new reduced Europe
> BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts
