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The Main Areas of Digitalization of the UAE’s Economy

Author

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  • Vladimir Sergeevich KHOMA

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

The digital economy refers to every area of economic activity in which human needs are met mainly through the use of digital data. The digital economy is shaped by information, artificial intelligence, network structure, platform and individuals. The UAE’s national innovation strategy hinges on digital technologies as an important national sector. The initiative seeks to improve the system of providing services, smart cities, soft ware, advanced technologies (for example, cybersecurity, artificial intelligence, nano-technologies), and to attract specialists. However, the digital transformation strategy remains largely unrealized, since it lacks solutions to certain social and cultural issues.

Suggested Citation

  • Vladimir Sergeevich KHOMA, 2023. "The Main Areas of Digitalization of the UAE’s Economy," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 7, pages 115-126, July.
    • Handle: RePEc:alq:rufejo:rfej_2023_07_115-126
    DOI: 10.24412/2072-8042-2023-7-115-126
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