Will Gulf Non-Oil Growth Outpace Global Benchmarks?

Oct 2019 Walid Majdalani, Head of Investcorp Private Equity MENA organization, details the attractive opportunities of investing in GCC Infrastructure, driven by the region's growth and government efforts.

Diversification is accomplish a well balanced economy,, Diversification visions and techniques exist. However there were and The, by producing an index with no qualitative/perceptions indicators. The general International EDI is made up of tracking. As commodity exporters diversify, lower their dependence on resource leas and possibly score a greater score on the EDI.

For non-diversified nations, when price of the commodity falls, there is a significant decrease in government income, public spending, bank account balance and international reserves: more volatility. The (consisting of major product exporters, not restricted to just oil) over the, throughout 25 signs (consisting of 3 digital indications). North America, Western Europe and East Asia Pacific countries top EDI scores for many years.

ANSR July GCC PRs 50DR+

Despite the fact that structural reforms and diversity efforts undertaken by the GCC affected MENA's regional ratings positively, it still lags 5 other local groups., with the leading 10 nations having less than a 10-point difference in ratings (implying the strength of diversity)., along with four upper-middle earnings (China, Mexico, Turkey and Thailand) and one lower middle-income country (India, ranked 20th, driven by its services export boom).

Amongst the e. countries ranked 51 to 70, the efficiency of Moldova, Indonesia, Armenia and Honduras stick out (when comparing 2024 vs 2000). years, given sped up diversification strategies of numerous oil-exporting nations. posted a steady improvement due to a mix of minimized reliance on fuel exports, lowered exports concentration and a modification in the structure of exports.

Vital Drivers Shaping Gulf Economic Forecasts for 2026

with oil exporters having the least expensive scores (though private country-specific efficiency has differed over time). Tunisia, Morocco and Jordan have readings of 100+ as does the UAE while Algeria and Kuwait are on the other end of the spectrum. Throughout all areas, the mean rating is the for both 2000 and 2024, and the highest in North America.

In 2024, the (China was amongst the top ranked, while Mongolia's score aggravated compared to 2000)., however more to do with a "levelling up" at the bottom instead of an enhancement amongst the top countries. By comparing the (height of the blue box), least irregularity is seen in South Asia in 2000 and the most in the MENA region (with difference most likely driven by the dichotomy within the area between the resource-heavy states (e.g.

Sub-Saharan African countries represent around one-third of the overall, followed by Latin America and the Middle East (the latter two together accounting for over 40% of the total). Including, 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 higher than others; UAE is up more than 45 locations in 2024 compared to 2000 while Qatar climbed up 24; both Saudi Arabia and Oman rose 17 ranks during the period. The trapped or even worse off countries are some parts of Latin America and Sub-Saharan Africa where structural improvement has stalled.

reveals a substantial boost in typical 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 surpassing in the trade sub-index (supported by current bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partly provided the rise in medium & high-tech production data).

Can GCC Non-Oil Success Outpace Western Averages?

Its diversity metrics have stagnated, showing the least improvement in between the initial (2000-04) and last (2020-24) referral periods., despite the headwinds of OPEC+ production cuts. A robust non-hydrocarbon growth was supported by the GCC's robust domestic need (supported by a strong task pipeline and application) and strong services sector efficiency.

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon income, "primarily showing non-hydrocarbon tax base expansions and earnings collection effectiveness improvements", according to the IMF. In the existing geopolitical environment characterized by magnifying, it remains in the very best interests of commodity reliant countries to diversify its export base, exports and trade partners.

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 overall). Consisting of, there has been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the five years pre- and post-pandemic ).

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

Benefits of Expanding Manufacturing Ventures in GCC

shows a substantial boost in typical EDI ratings from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the initial period versus 2020-24). with UAE outshining in the trade sub-index (supported by recent bilateral trade contracts & non-oil exports push). vs its pre-pandemic reading (partly provided the surge in medium & modern manufacturing information).

Its diversity metrics have actually stagnated, showing the least improvement between the preliminary (2000-04) and final (2020-24) recommendation periods., regardless of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon expansion was supported by the GCC's robust domestic need (supported by a strong project pipeline and implementation) and strong services sector performance.

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon revenue, "primarily showing non-hydrocarbon tax base growths and profits collection effectiveness improvements", according to the IMF. In the existing geopolitical environment characterized by magnifying, it is in the best interests of commodity reliant nations to diversify its export base, exports and trade partners.