Key Takeaways:
- Microsoft and its partners are projected to generate $74.4 billion in new revenues for the UAE economy over the next four years.
- The initiative will create approximately 152,530 new jobs in the UAE, including over 41,800 skilled IT positions.
- The Microsoft cloud ecosystem will invest around $5.1 billion in local datacenter regions to support economic growth.
Microsoft, along with its partners and customers leveraging cloud technologies, is expected to generate $74.4 billion in new revenues for the UAE economy over the next four years, as indicated by an International Data Corporation (IDC) study.
Beyond economic growth, Microsoft’s cloud services will contribute to job creation, with an estimated 152,530 new jobs anticipated in the UAE. These jobs will arise both directly within Microsoft’s organization and indirectly through its partner ecosystem and customers utilizing cloud services.
The study highlights that the Microsoft ecosystem will be responsible for adding over 41,800 new skilled IT jobs to the UAE economy during the same period. This shift underscores the nation’s transformation from a technology consumer to an innovation hub, where technology is developed and exported globally.
Released at Gitex Global 2024, the IDC study titled ‘Microsoft Cloud Dividend Snapshot’ for the UAE, sponsored by Microsoft, emphasizes the pivotal role of Microsoft’s cloud services and its partner ecosystem in advancing the UAE’s digital economy, fostering innovation, and creating jobs.
Microsoft is committed to supporting local businesses and the UAE’s ambitions to become a global technology hub. Over the next four years, the company and its partners plan to invest approximately $5.1 billion in UAE datacenter regions, which will boost enterprises looking to leverage cloud and AI technologies to remain competitive in an increasingly digital landscape.
Naim Yazbeck, General Manager of Microsoft UAE, remarked on the report’s findings, stating, “As organisations across the UAE and the region seek to leverage the latest advancements in Artificial Intelligence, the cloud remains the foundation upon which these innovations are built. At Microsoft, we are committed to providing highly secure, trusted, enterprise-grade cloud services that are critical for organisations accelerating their AI transformation journey.”
The IDC Snapshot also revealed significant economic benefits for Microsoft partners, projecting revenue growth of $6.29 for every dollar generated by Microsoft through its UAE cloud locations by 2025, increasing to $7.99 by 2028.
At GITEX Global 2024, Microsoft is showcasing its innovations alongside 36 partners. The stand features a Demo Arena where visitors can explore how AI can enhance community health and well-being, as well as an Xbox Gaming stage, DJ Booth, Surface Zone, Tech Talk arena, food and beverage stand, networking area, and VIP meeting room.
