DMCC's Future of Trade report highlights a USD 15 trillion opportunity from AI adoption, especially in tradeable sectors.
AI is expected to optimize supply chains, enhance efficiency, reduce costs, and drive global trade resilience, alongside e-commerce and digital services growth, signaling a major shift in business operations.
AI advancements will significantly impact tradeable sectors like electronics and IT services, where most AI-related patents are concentrated. Global trade hubs such as the UAE and Singapore will gain influence due to their advanced infrastructure, market access, and innovation-friendly regulations.
H.E. Dr. Hamad Buamim, Chairman of DMCC, highlighted technology's transformative impact on global trade, emphasizing AI's role in optimizing manufacturing, logistics, forecasting, and trade finance. He noted significant opportunities for hubs like Dubai and Singapore to digitize trade infrastructure and integrate AI innovations into business operations.
Feryal Ahmadi, COO of DMCC, emphasizes AI's potential to boost the global economy by USD 15 trillion by 2030. DMCC's Future of Trade 2024 report advises businesses to adopt digital transformation and AI, aiming to foster innovation and empower its 24,000 members to expand globally.
The event saw DMCC’s leadership share their perspectives on the findings of the report alongside a series of business leaders and trade experts from the International Chamber of Commerce, Pacific Economic Cooperation Council, and Coinclan OU.
The Future of Trade is the flagship thought leadership report series from DMCC on the changing nature of global trade. The report examines the impact of global economic trends, geopolitics, technology, sustainability and finance on the future of the trade landscape. The report series has been viewed and downloaded over 1.9 million times, underscoring DMCC's growing recognition as a leading voice on international trade.
News Source: Dubai Media Office
