The Role of Capital on GCC Industrial Development

Sub-Saharan African countries account for around one-third of the overall, followed by Latin America and the Middle East (the latter 2 together representing over 40% of the total). Consisting of, there has been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the 5 years pre- and post-pandemic ).

ANSR July GCC PRs 50DR+

and ranked greater than others; UAE is up more than 45 places in 2024 compared to 2000 while Qatar climbed up 24; both Saudi Arabia and Oman increased 17 ranks during the period. The caught or worse off nations are some parts of Latin America and Sub-Saharan Africa where structural improvement has stalled.

reveals a substantial boost in average EDI ratings from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the preliminary period versus 2020-24). with UAE outperforming in the trade sub-index (supported by current bilateral trade contracts & non-oil exports push). vs its pre-pandemic reading (partly offered the rise in medium & high-tech manufacturing information).

ANSR July GCC PRs 50DR+

Its diversification metrics have actually stagnated, revealing the least enhancement between the preliminary (2000-04) and last (2020-24) reference periods., regardless of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon expansion was supported by the GCC's robust domestic demand (supported by a strong job pipeline and application) and strong services sector efficiency.

Impact of FDI on GCC Industrial Development

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon revenue, "primarily showing non-hydrocarbon tax base growths and earnings collection effectiveness enhancements", according to the IMF. In the current geopolitical environment defined by magnifying, it is in the very best interests of product dependent nations to diversify its export base, exports and trade partners.