Media ININ Economy We Trust
03-04-2019 Media in\ Dubai
Dubai World Trade Center (DWTC) will host the “Cities of the Future 2019” exhibition, which will be held under the theme “Globalizing Globalization through Digital Transformation” from 8 to 10 April.
Reports confirmed that the Smart City concept has the potential to boost the economic development of global cities by more than 5 percent and provide at least $ 20 trillion in additional economic benefits by 2026.
The release of these figures comes at a time when discussions on the economic impact of smart cities have gained momentum amid technological developments and continuous innovations as these dialogues take center stage again at the exhibition.
Chairman of the Organizing Committee of the exhibition, Daoud Al Shezawi, pointed to the large amount of savings that can be achieved through smart infrastructure related to energy and water consumption as well as maintenance costs and other support costs.
He predicted that we will see many benefits of environmental sustainability, such as reducing carbon emissions, which will contribute to enhancing public satisfaction and improving the quality of people’s lives, pointing out that Future Cities is the only event that brings together leaders to discuss effective solutions for a sustainable intelligent future and the importance of investing in smart cities around the world.
Internet technology will be the main component of most smart cities in particular, giving it potential economic value of $ 3.9 trillion to $ 11.1 trillion a year by 2025, McKinsey estimates.
For the GCC region, a report forecast that the Internet solutions market will reach $ 11 billion during the same year, creating a potential economic value of about $ 160 billion.
Artificial intelligence is a key component of GCC economic diversification policies and as the region prepares for the post-oil future, the adoption of technology solutions in the UAE is an integral part of the UAE Vision 2021.
The third edition of Future Cities will provide an international platform where investors, leaders, policy makers and business people can take a closer look at the true economic value of future cities and serve as a venue for government officials and private executives to engage in potential partnerships in line with the exhibition’s objectives.
