Dubai Magnate Warns Outsourcing Sector Of Disruption

At the World Economic Forum 2026 in Davos, Damac Group founder Hussain Sajwani warned on January 22 that AI represents a job-market revolution, particularly threatening economies dependent on outsourced work. He cited Tata Consultancy Services' 12,200 layoffs and industry analysis projecting up to half a million displaced roles as automation scales. Sajwani urged nations to accelerate AI investments and pivot toward skills, data centers and innovation.