The Middle East could become one of the world’s leading technology hubs by increasing investment in artificial intelligence and financial technology, according to an analysis. The region’s large financial resources, young population, energy advantages, expanding digital infrastructure and location between Europe, Asia and Africa are cited as key strengths. Global AI markets could grow from $407 billion to $990 billion by 2027, while fintech revenue may reach $2 trillion by 2030.

A major advantage is the region’s youthful population, with people under 30 accounting for nearly half of residents in many countries. Gulf sovereign wealth funds can support long-term technology and infrastructure projects. Relatively cheap and abundant energy also benefits AI data centres, while 5G networks, cloud technology and data-centre expansion are strengthening digital capacity.

Saudi Arabia and the United Arab Emirates have begun major AI and fintech investments. Saudi Arabia’s Vision 2030 seeks a knowledge- and technology-based economy, and the country has declared 2026 the Year of AI. The UAE aims to establish AI leadership by 2031. Experts say other regional states should adopt clear strategies, invest in education and skills, and build on Arabic-language AI and Islamic fintech.