New Delhi, Dhu-AlQa'dah 15, 1439, Jul 28, 2018, SPA -- Emirates Minister of State for Artificial Intelligence and Managing Director and CEO of Invest India, co-signed here today a Memorandum of Understanding (MoU), in order to create a bilateral artificial intelligence bridge that envisages generation of $20 billion, in economic benefits, during the next decade. The bridge aims to spur discussion and explore options for the UAE and India to grow their artificial intelligence economies, according to an announcement after the signing ceremony by Invest India, the national investment promotion ad facilitation agency of the Indian government. Emirates' Minister said that in the coming years, "how a country chooses to embrace artificial intelligence will have a tremendous impact on its ability to innovate and prosper. Data and processing will be a catalyst for innovation and business growth and serve as the backbone of more effective and efficient service delivery system." -- SPA 20:44 LOCAL TIME 17:44 GMT 0014 www.spa.gov.sa/w723094