Food Tech Valley in Dubai was highlighted in a recent World Economic Forum report as representative of the UAE's drive to increase agricultural resilience. Photo: Food Tech Valley
Food Tech Valley in Dubai was highlighted in a recent World Economic Forum report as representative of the UAE's drive to increase agricultural resilience. Photo: Food Tech Valley
Food Tech Valley in Dubai was highlighted in a recent World Economic Forum report as representative of the UAE's drive to increase agricultural resilience. Photo: Food Tech Valley
Food Tech Valley in Dubai was highlighted in a recent World Economic Forum report as representative of the UAE's drive to increase agricultural resilience. Photo: Food Tech Valley


Tools have helped feed people since the Stone Age. Now it's AI's turn


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February 17, 2025

Gulfood, the world’s largest food and drink trade show, returns to Dubai today. The annual event has a well-deserved reputation for presenting innovative and eye-catching products such as last year’s cactus water, instant truffle and watermelon crisps. Such novelties are engaging but the next few days will see more in-depth discussions take place, particularly on how societies better produce, manage and trade food in a way that is responsible and sustainable.

As the World Economic Forum noted in a report published on Friday, the six-nation GCC still imports about 85 per cent of its food. For years, this reliance on imports has fuelled policy debates and measures about the best way to achieve and maintain food security. The outcome has been an awareness that the answer lies in judiciously combining environmental and economic approaches as well as understanding how these fit into security issues. But it is technology that is at the heart of tackling this complex issue.

Therefore, it comes as no surprise that this year’s edition of Gulfood – the event’s 30th – will include industry experts examining how cutting-edge digital developments, artificial intelligence in particular, affect the drive to cut food waste, ensure ample supplies and transform global supply chains.

AI’s potential to ensure food security is, as Secretary General Antonio Guterres has put it, “difficult even to grasp”. Research from the UN University published in July last year listed numerous ways in which AI could be transformative; from developing better soil and water testing, enabling more effective pest control, improving satellite imaging and overhauling supply chains, the digital revolution promises to be a game changer.

The UAE has been part of this exciting journey for several years. Last November, Bill Gates, co-founder of Microsoft and chairman of the Bill and Melinda Gates Foundation, joined Mariam Almheiri, head of International Affairs at the UAE Presidential Court, at an Abu Dhabi event to explore AI-powered solutions for agricultural technology. This aimed to build on a $200 million partnership announced during the Cop28 climate change summit in December 2023, when the Emirates and the Bill and Melinda Gates Foundation committed themselves to speeding up agricultural innovations aimed at tackling threats to food systems.

It comes as no surprise that this year’s edition of Gulfood – the show’s 30th – will include debates on how cutting-edge tech can cut food waste, ensure ample supplies and transform global supply chains

And although Friday’s WEF report highlighted the region’s dependence on food imports, it also listed ways in which the UAE is using innovation to come up with answers, such as Dubai’s Food Tech Valley – a hub to develop “clean, tech-based food and agricultural products as part of efforts to triple the UAE’s food production and increase agricultural resilience”. Gulfood itself has also been part of the solution; last September, it held its inaugural Gulfood Green event at the Dubai World Trade Centre to encourage the exchange of ideas on technology, regulations and solutions for achieving sustainability.

Throughout human history, technology and food have been inseparable. From the Stone Age onwards, ingenuity and innovation helped people develop tools and techniques to not only feed themselves on a day-to-day basis but generate the kind of food surpluses used to trade and build communities, cities and civilisations. In 2025, technology’s role in food security is as central as ever and the UAE has become an important arena for exploring how AI and other innovations could change the way we eat forever.

War and the virus
The Details

Kabir Singh

Produced by: Cinestaan Studios, T-Series

Directed by: Sandeep Reddy Vanga

Starring: Shahid Kapoor, Kiara Advani, Suresh Oberoi, Soham Majumdar, Arjun Pahwa

Rating: 2.5/5 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

Updated: February 17, 2025, 3:00 AM