Throughout history, major economic shifts have been characterized by fierce competition over critical resources. The 19th century hinged on coal, fueling the expansion of the British Empire, while the 20th century saw oil as the linchpin that shaped geopolitics in the modern Middle East and American influence after World War II.
As we navigate the early 21st century, semiconductors have emerged as the most vital asset, propelling Taiwan’s economic ascent and increasing trade tensions with China. The race for semiconductor supremacy has given rise to tech titans worth trillions, and the attention of global powers has shifted towards securing access to these essential components.
Now, as we look forward, a new struggle is unfolding around artificial intelligence (AI) capabilities. Control over AI resources and technology is set to become the defining factor of the next economic era. For nations and corporations, securing a leading position in AI research, development, and applications will be crucial, especially within the rapidly evolving landscape of the UAE and the broader Gulf region, which are poised to be at the forefront of this technological battle.
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