Qatar’s AI market projected to reach QR2.06bn this year

Doha: The market size of Artificial Intelligence (AI) in Qatar is estimated to amount to $567.10m (QR2.06bn) in 2025, according to a report by Statist...

Doha: The market size of Artificial Intelligence (AI) in Qatar is estimated to amount to $567.10m (QR2.06bn) in 2025, according to a report by Statista.

Analysts say this figure is bolstered by Qatar’s investments and transformative changes adopted by the advanced technology revolution.

Technology experts stress that companies are moving towards “transforming AI enhancement” and deployment in the region by delivering cutting-edge solutions demonstrating the highest standards of data integrity and security across the country.

During a Microsoft AI Tour hosted in December 2024, officials revealed that the market is anticipated to boost Qatar’s economic growth by 2.3 percent and generate $5bn (QR18.22bn) in revenue by 2030.

They remarked that the country is embarking towards a global hub in AI innovation and will increase job opportunities during the forecast period as Qatar continues to see significant progress in technologies such as AI and the Internet of Things (IoT), which aims for Digital Agenda 2030 - a roadmap of Qatar’s digital economy by building on its technological evolution, sustainability, and economic diversification initiatives.