Kuwait’s Smart Economy Surge
BCG: 6 Factors Boost Kuwait's Position Among Smart Economies
A study by the Boston Consulting Group (BCG) has classified Kuwait among the global economies that are applying artificial intelligence (AI) technologies, placing it in the AI Practitioners category alongside 30 other countries, including Qatar, Oman, and Bahrain.
1. Study Background
The study, titled "GCC's AI Pulse:
Readiness for an AI-powered Future," used an advanced analytical model to
measure global AI development. It categorized world economies into four groups:
- Emerging Economies
- AI Practitioners Economies (including Kuwait)
- Competitive/Promising Economies
- AI Leaders
(such as the United States, United Kingdom, and China)
2. Kuwait's Position
Kuwait is ranked in the second
category, the AI Practitioners. The study notes that no GCC country has yet
reached the "AI Leaders" category. However, it emphasizes that there
are promising opportunities for the region to enhance its readiness and achieve
regional and global leadership.
3. Kuwait's Strategic Vision
Kuwait has
committed to adopting AI in vital sectors. The National AI Strategy aims to:
- Transform Kuwait into a regional AI powerhouse.
- Strengthen digital transformation in state
institutions.
4. Factors Boosting National Ambition
The following six factors can
accelerate Kuwait's AI development:
- Developing national skills in AI.
- Implementing innovative policies to support
innovation.
- Increasing investments in AI and scientific
research.
- Establishing a center of excellence for AI.
- Creating comprehensive governance frameworks for
the sector.
- Nurturing the startup ecosystem.
5. Key Challenges
The study highlights a gap between
national ambitions and reality in several areas:
- The scale of investments.
- Research and development.
- Skills development.
It stresses the need to transition
from the planning stage to actual implementation and achieve measurable results
through clear initiatives.
6. Kuwait's Potential for Leadership
Kuwait has the foundational pillars to
develop its AI sector. It has the potential to become a regional and
international leader by:
- Investing in national talent.
- Supporting the startup ecosystem.
- Establishing principles for the responsible use
of AI.
The study concludes that Kuwait's
classification is a strategic step toward the future. Success requires decisive
action to turn vision into tangible achievements. Realizing leadership depends
on integrating planning, investment, and innovation to build a sustainable
digital economy.