UAE bets $147 billion on Artificial Intelligence to drive economic diversification beyond oil
The UAE is constructing a massive AI campus in Abu Dhabi's desert, a quarter the size of Paris, powered by five gigawatts of electricity. With over $147 billion invested since 2024 and partnerships with tech giants like Microsoft, OpenAI, and Nvidia, the oil-rich nation aims to become an AI-native powerhouse. But fierce competition from the US and China means success remains uncertain in this fast-evolving sector.