Emiratis nearing retirement whose roles can be supported or replaced by artificial intelligence (AI) might soon have the option for an early retirement scheme.
This is part of new initiatives aimed at using AI to improve workforce productivity while addressing changing job needs.
Contrary to fears that AI will replace human jobs, it has proven to assist employees in their tasks and boost productivity.
“We must remove society’s fear of AI because it actually creates new job opportunities,” said Omar Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, during a Federal National Council session.
In 2017, predictions suggested that 40% of jobs would be lost to AI by 2025. “However, that didn’t happen. Instead, AI has helped many people become more productive,” he explained.
The UAE is focused on preparing its workforce to benefit from AI and apply advanced technologies in their jobs.
“For workers close to retirement, whose jobs could be automated with AI, we can look into offering early retirement options,” Omar said.
The minister also mentioned plans for a fund to help Emiratis transition into the AI industry or adapt their roles to benefit from the technology. More initiatives will be introduced soon to support this transition.
