Artificial Intelligence and Industry 5.0: Paving the Way for an Economic Revolution in the Arab World
Abstract
Artificial intelligence (AI) offers innovative solutions for economic development of the Arab world. However, considering the significant investment on AI by some countries in this youngest region of the world, these innovative tools could cause here an economic “revolution”. This article is divided into four sections. Section two analyses the competition between countries in the Arab world to develop and implement AI. In section three, we explore the impact of AI on different sectors of the economy considering current and future changes in this field. Additionally, this section highlights the implications of AI for labor markets. Section four concludes that focusing on ethical principles is essential for building national AI strategies, given the rise of emerging economic powers in the region within the context of a new global economic order.
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