UAE launches $1bn AI initiative to boost digital infrastructure across Africa 

Announced at the G20 summit by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the AI for Development program aims to expand the use of advanced technologies across key sectors. Supplied
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Updated 23 November 2025
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UAE launches $1bn AI initiative to boost digital infrastructure across Africa 

RIYADH: The UAE has launched a $1 billion initiative to support and finance artificial intelligence projects in African countries. 

Announced at the G20 summit by Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the AI for Development program aims to expand the use of advanced technologies across key sectors, including education, agriculture and infrastructure.  

The effort is part of the UAE’s broader strategy to position itself as a global hub for AI and knowledge-driven growth. 

During his remarks, Al Nahyan reaffirmed the UAE’s commitment “to driving sustainable growth through broader international partnerships and innovative financing solutions that support development in emerging economies,” according to the Abu Dhabi Media Office. 

The initiative will be implemented by the Abu Dhabi Exports Office, part of the Abu Dhabi Fund for Development, in partnership with the UAE Foreign Aid Agency. It is designed to offer financing and technical support to African nations seeking to integrate AI tools into government operations and economic systems. 

“ADEX’s leadership of the AI for Development initiative reflects the UAE’s belief that artificial intelligence is a real force for advancing equitable growth and sustainable development,” said Mohamed Saif Al Suwaidi, director-general of the Abu Dhabi Fund for Development and Chairman of the Exports Executive Committee of ADEX.  

He added: “By combining technology, financing and partnerships, we aim to support developing countries in overcoming developmental challenges and building long-term economic resilience.” 

The program will also enable developing nations to overcome key developmental challenges by integrating artificial intelligence technologies into critical sectors such as education, agriculture and infrastructure. 

“Integrating AI technologies into the education, agriculture and infrastructure sectors opens new horizons for inclusive development,” added Al Suwaidi.  

He further said the initiative will help empower UAE enterprises to implement pioneering, high-impact development projects that strengthen economic and technological cooperation between the Emirates and African nations. 

Tareq Ahmed Al Ameri, chairman of the UAE Foreign Aid Agency, said that the AI for Development initiative reflects the UAE’s enduring commitment to strengthening global solidarity and advancing cooperative development.  

Al Ameri added that many African countries require such transformative initiatives to meet diverse needs in education, healthcare and infrastructure.  


Saudi POS spending jumps 28% in final week of Jan: SAMA

Updated 06 February 2026
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Saudi POS spending jumps 28% in final week of Jan: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending climbed sharply in the final week of January, rising nearly 28 percent from the previous week as consumer outlays increased across almost all sectors. 

POS transactions reached SR16 billion ($4.27 billion) in the week ending Jan. 31, up 27.8 percent week on week, according to the Saudi Central Bank. Transaction volumes rose 16.5 percent to 248.8 million, reflecting stronger retail and service activity. 

Spending on jewelry saw the biggest uptick at 55.5 percent to SR613.69 million, followed by laundry services which saw a 44.4 percent increase to SR62.83 million. 

Expenditure on personal care rose 29.1 percent, while outlays on books and stationery increased 5.1 percent. Hotel spending climbed 7.4 percent to SR377.1 million. 

Further gains were recorded across other categories. Spending in pharmacies and medical supplies rose 33.4 percent to SR259.19 million, while medical services increased 13.7 percent to SR515.44 million. 

Food and beverage spending surged 38.6 percent to SR2.6 billion, accounting for the largest share of total POS value. Restaurants and cafes followed with a 20.4 percent increase to SR1.81 billion. Apparel and clothing spending rose 35.4 percent to SR1.33 billion, representing the third-largest share during the week. 

The Kingdom’s key urban centers mirrored the national surge. Riyadh, which accounted for the largest share of total POS spending, saw a 22 percent rise to SR5.44 billion from SR4.46 billion the previous week. The number of transactions in the capital reached 78.6 million, up 13.8 percent week on week. 

In Jeddah, transaction values increased 23.7 percent to SR2.16 billion, while Dammam reported a 22.2 percent rise to SR783.06 million. 

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia.  

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives.  

The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.