UAE announces $1 billion to fund AI projects in Africa: Video
Abu Dhabi Crown Prince Sheikh Khalid bin Mohammed bin Zayed Al Nahyan has announced a $1 billion initiative to finance artificial intelligence projects across Africa, unveiling the plan on Saturday, November 22, at the G20 Summit in Johannesburg.
Sheikh Khalid said the UAE’s new Artificial Intelligence for Development Initiative aims to accelerate economic and social progress across the continent by strengthening digital infrastructure, modernising government services, and boosting productivity and overall quality of life.
“I am pleased today to announce the launch of the UAE's Artificial Intelligence for Development Initiative, which allocates $1 billion to fund AI projects in African countries,” he told delegates.
He added that the programme seeks to “support economic and social development by enhancing the digital infrastructure system and upgrading government services to improve productivity and quality of life.”
Sheikh Khalid also reaffirmed the UAE’s commitment to expanding global economic cooperation and establishing “a balanced and transparent international trade system” that allows developing countries to participate more effectively in shaping the future of global trade.
The G20 Summit, taking place on African soil for the first time, opened on Saturday with representatives from 42 countries and international organisations in attendance. The two-day gathering concludes on Sunday and focuses on inclusive economic growth, a just energy transition, and progress on global sustainable development goals.
This story is written and edited by the Global South World team, you can contact us here.
