Middle East CEOs are increasingly positive about embracing AI, upskilling, and tech-savvy financial systems, says Intelligent CIO Middle East


Middle East CEOs Optimistic about Future with AI, Upskilling, and Fintech Focus

The 2024 CEO Global Insights Study has revealed a promising outlook for the Middle East as CEOs express confidence in the region’s economic growth and technological advancements. With close to 300 global CEOs participating in the study, the Middle East emerges as a pivotal player in shaping a technology-driven economic future.

According to the study, 61% of Middle East CEOs anticipate market improvement in the coming years, a significant increase from previous years. The Fintech sector is identified as a key area of focus for future growth, highlighting the importance of digital financial services in driving economic expansion.

CEOs in the region are also prioritizing reskilling initiatives to meet the evolving demands of the future workforce. This emphasis on upskilling aligns with a strategic shift towards integrating AI and digital transformation across business operations.

Thomas Kuruvilla, Managing Partner at Arthur D. Little Middle East, emphasized the resilience and strategic clarity exhibited by Middle East CEOs in navigating the volatile business landscape. The study indicates a strong commitment to leveraging AI as a strategic imperative for unlocking new possibilities in various industries.

Furthermore, the CEOs’ focus on the fintech sector underscores their vision for a tech-savvy economic ecosystem in the region. This strategic approach towards embracing digital financial services reflects a broader effort to redefine growth models and drive sustainable economic prosperity.

Overall, the 2024 CEO Insights Study paints a promising picture of the Middle East’s economic future, with CEOs demonstrating a proactive approach towards embracing technology, upskilling their workforce, and capitalizing on emerging opportunities for growth.

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