The UAE has recently appointed Omar Bin Sultan Al Olama as the country's and world's first Minister of State for Artificial Intelligence. Currently, the country is following its UAE Strategy for Artificial Intelligence (AI), a project to improve government performance through investing in AI (one of the most significant emerging markets in the digital sector).
Therefore, the choice to have a minister dedicated to this sector demonstrates the willingness of the UAE to become a world-leading technological hub. This appointment could significantly support the emirate to achieve that, especially in the current post-pandemic situation in which new ways to create economic growth are more digitalized than ever. For example, Dubai has already established its cryptocurrency, the emCash, which handles various types of transactions, from the most basic and everyday ones to the most financially complex. Further, they want to extend the platform to all the cities to create an economy built on a blockchain.
Nevertheless, the appointment of Omar Bin Sultan Al Olama is only the last demonstration of renewed interest in a digital market that is constantly expanding and can become the essence of the future. In this respect, the UAE's choice is not reckless but rather wise, watching the long term and understanding the dynamics of our times. Maybe other countries should follow the example and incentivize AI research as well. At the same time, it is not sure how effective this new ministry could be, but for that, we have to wait to see its repercussions on the country's technological and economic levels.