Experts in "Sharjah Forum": $1.2 trillion expected investments in artificial intelligence infrastructure by 2029
Sharjah, 23 October / WAM / International experts confirmed during the “Sharjah Investment Forum” that artificial intelligence has become the largest driver of foreign direct investment flows globally, noting that the percentage of investments related to it has reached 22% since the beginning of 2025, with expectations of pumping $1.2 trillion into the infrastructure related to it by 2029.
This came during the session “The Impact of Artificial Intelligence and Sustainability on Investment Decisions,” which hosted Noman Asif Mian, Chief Financial Officer at Bayt.com, Dr. Henry Lowendhal, Executive Director at LifeTech, and Kofi Johnson, representative of the West African Development Bank.
In a context related to innovation, Sergey Milian, CEO of Regal Asset Holding Group, stressed that the UAE has become a global center for manufacturing and innovation thanks to its high flexibility and intellectual property protection that reaches “one hundred percent,” in addition to supportive programs such as golden residency.
This came in the session “Transforming Industries with Smart Manufacturing”, with the participation of Fouad Al-Attar, Senior Vice President for the Middle East at Siemens, and engineer Yasmine Al-Anazi, Executive Director at the “IX Zero” Center and Director of the Center for the Fourth Industrial Revolution at “Max Byte Technologies”.
For her part, Amira Sajwani, Managing Director of Damac Properties and founder and CEO of PRYPCO, stressed that the value of technological transformations lies in “the results they produce on the ground,” and not in simply keeping up with competitors.
Sajwani said, during the “Expanding the Scope of Change through Investment” session, in which John Aguilar, founder and presenter of The Final Pitch program, also participated: “We do not look at the competitor, but rather focus on what we offer and how we constantly develop it to remain different and distinguished.
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