Microsoft's cloud ecosystem to add $74bn to UAE economy in 4 years

At GITEX Global 2024, a report by the International Data Corporation (IDC) revealed that Microsoft’s cloud ecosystem will significantly boost the UAE’s economy, contributing more than $74bn in revenues and creating over 150,000 jobs by 2028. The IDC study, titled ‘Microsoft Cloud Dividend Snapshot’ and sponsored by Microsoft, outlined the critical role that Microsoft’s cloud services and its extensive partner ecosystem play in driving innovation, economic growth, and job creation across the UAE. The findings emphasise the synergy between cloud technology and artificial intelligence (AI) as essential drivers for businesses looking to stay competitive in an increasingly digital world. According to the report, Microsoft, its partners, and customer companies using cloud technologies will generate $74.4bn in new revenue for the UAE over the next four years. Microsoft’s data centre regions in the UAE alone will account for $5.bn in local spending on products and services, stimulating the economy and further integrating AI and cloud infrastructure into various industries. Naim Yazbeck, general manager of Microsoft UAE, highlighted the strategic importance of cloud technology in driving this transformation. “As organisations across the UAE and the region seek to leverage the latest advancements in AI, the cloud remains the foundation upon which these innovations are built. Our investment in local data centres, our partner ecosystem, and the broader digital economy reflects our ongoing dedication to empowering government institutions and businesses to innovate, drive economic growth, and create sustainable jobs for the future,” said Yazbeck.

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