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Standard Chartered: “UAE ranked the world’s most advanced market for digital trade readiness”

Global study highlights exceptional national progress in digital infrastructure, corporate capability and cross border trade enablement

Syed Khurrum Zaeem, Managing Director, Head of Trade and Transactional Banking for the Middle East, Pakistan, and Africa, Standard Chartered

Standard Chartered announced the findings of its latest ‘Future of Trade: Digitisation’ report, which identifies the United Arab Emirates as the most advanced market globally for digital trade readiness. The findings underline the UAE’s strong foundations in digital infrastructure, regulatory clarity and corporate adoption of technologies that are reshaping cross border trade.

The study, which surveyed 1,200 multinational corporations from seventeen (17) key markets worldwide, reveals that cloud computing is the most influential driver of digital transformation among UAE corporates, with ninety-seven per cent (97%) identifying it as a critical enabler, the highest adoption level recorded across all surveyed markets[1].

Digital asset adoption in the UAE also stands out globally at sixty-eight per cent (68%), placing the country at the forefront of tokenised instruments, digital settlement models and blockchain enabled trade solutions.

UAE corporates also demonstrate strong engagement with next generation digital technologies. Augmented and virtual reality adoption has reached forty-three per cent (43%), while artificial intelligence adoption stands at thirty-six per cent (36%), reflecting a broadening application of advanced tools across operations, customer engagement and supply chain processes. These trends are reinforced by overwhelming support for unified digital frameworks, with ninety-six per cent (96%) of UAE corporates calling for the expansion of Digital Economy Agreements that harmonise cross border digital trade standards.

Syed Khurrum Zaeem, Managing Director, Head of Trade and Transactional Banking for the Middle East, Pakistan, and Africa, Standard Chartered, said: “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. The private sector in the UAE is not only adopting emerging technologies but is deploying them with a level of confidence and scale that sets the country apart as a global benchmark in digital trade development.”

UAE Digitalisation Indicators

Indicator UAE Score
Cloud adoption 97%
Digital asset adoption 68%
AR and VR adoption 43%
AI adoption 36%
Preference for more DEAs 96%
Internal digital capability 73%

 

The research further shows that UAE corporates possess one of the strongest internal digital capabilities in the study. Seventy-three per cent (73%) lead their own transformation programmes in house, reducing dependency on external providers and strengthening local talent development. This high level of self-sufficiency demonstrates a mature and sophisticated business environment that is well equipped to implement complex digital initiatives.

With national strategies prioritising digital transformation and the private sector embracing cloud, artificial intelligence, digital assets and automation, the UAE continues to deepen its position as an international hub for technology enabled trade. The country’s leadership in digital adoption, regulatory alignment and cross border connectivity reinforces its central role in shaping the future landscape of digitally enabled global commerce.

[1]   Egypt, Hong Kong, India, Indonesia, Kenya, Mainland China, Malaysia, Nigeria, Philippines, Saudi Arabia, Singapore, South Korea, Thailand, United Arab Emirates, United Kingdom, United States and Vietnam