According to the study, which polled 1,200 multinational firms from seventeen major global markets, cloud computing is the most significant force behind digital transformation among UAE corporates, with 97% of respondents citing it as a crucial enabler—the highest adoption rate found in all of the markets surveyed.
With 68% of digital assets adopted worldwide, the UAE is at the forefront of tokenized instruments, digital settlement processes, and blockchain-enabled trading solutions. Corporates in the UAE also show a high level of interest in cutting-edge digital technologies.
Adoption of augmented and virtual reality has increased to 43%, while adoption of artificial intelligence is at 36%. This indicates a growing use of cutting-edge solutions in supply chain, operations, and consumer engagement. With 96% of UAE corporates advocating for the extension of Digital Economy Agreements that harmonize cross-border digital commerce norms, these trends are further supported by the overwhelming support for unified digital frameworks.
“The UAE has created one of the most advanced digital ecosystems in the world, where policy, infrastructure, and corporate ambition work together to drive rapid innovation,” stated Syed Khurrum Zaeem, Managing Director, Head of Trade and Transactional Banking for the Middle East, Pakistan, and Africa at Standard Chartered.
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