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Gulf Press > Gulf > Qatar > Qatar introduces a stimulus package of 9 billion Qatari riyals for AI
Qatar

Qatar introduces a stimulus package of 9 billion Qatari riyals for AI

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Last updated: 2024/05/14 at 6:27 PM
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The Qatar Economic Forum (QEF) kicked off in Doha with an opening speech by the Prime Minister and Minister of Foreign Affairs H E Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani. The event, which is powered by Bloomberg, aims to address the theme of “A World Remade: Navigating the Year of Uncertainty” and brings together over 1000 business leaders from around the world. In his address, the Prime Minister highlighted Qatar’s commitment to a comprehensive digital transformation and announced an incentive package worth QR 9 billion to invest in technology, innovation, and artificial intelligence.

One of the key announcements made during the opening speech was the launch of the Arab Artificial Intelligence Project, which focuses on high-quality Arabic language data. This project aims to enrich Arab models and preserve the Arab identity. The Prime Minister also emphasized Qatar’s plans to expand its investments in emerging markets while creating opportunities for the private sector in the local market. This demonstrates Qatar’s continued commitment to economic growth and development.

The Qatar Economic Forum will take place from May 14 to 16 at the Katara Towers: Fairmont Doha and Raffles Doha hotels. The discussions at the forum will cover a wide range of key topics, including political geography, globalization and trade, energy transition, technological innovation, business and investment projections, sports, and entertainment. This diverse agenda reflects the forum’s goal of providing valuable insights and perspectives on navigating the challenges of the current global landscape.

The participation of business leaders from various territories at the Qatar Economic Forum highlights the importance of collaboration and knowledge-sharing in addressing global economic issues. By creating a platform for dialogue and exchange of ideas, the forum aims to foster international cooperation and support the growth of businesses across different sectors. Qatar’s strategic location and commitment to innovation make it an ideal host for such an event, as it continues to position itself as a key player in the global economy.

The Prime Minister’s address at the Qatar Economic Forum underscores Qatar’s vision for the future and its dedication to embracing new technologies and opportunities. By investing in AI and digital transformation, Qatar aims to enhance its competitiveness and drive economic growth. The forum provides a valuable platform for discussing key trends and challenges facing the global economy, and for exploring new possibilities for collaboration and investment.

As the Qatar Economic Forum unfolds, attendees can expect to gain valuable insights into the latest trends and developments shaping the global economy. Through networking opportunities and panel discussions, business leaders will have the chance to exchange ideas, forge new partnerships, and explore potential opportunities for growth and innovation. The forum’s focus on technology, innovation, and investment highlights Qatar’s commitment to building a strong and resilient economy that can adapt to the changing global landscape.

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News Room May 14, 2024
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