Is GCC Becoming Primary Industrial Powerhouse?

Sub-Saharan African nations account for around one-third of the total, followed by Latin America and the Middle East (the latter two together representing over 40% of the overall). Including, there has actually 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 24; both Saudi Arabia and Oman rose 17 ranks during the duration. The caught or worse off nations are some parts of Latin America and Sub-Saharan Africa where structural transformation has stalled.

shows a significant increase in average EDI scores 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 agreements & non-oil exports push). vs its pre-pandemic reading (partially provided the rise in medium & high-tech manufacturing information).

ANSR July GCC PRs 50DR+

Its diversification metrics have actually stagnated, showing the least enhancement in between the initial (2000-04) and last (2020-24) referral periods., regardless of 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.

Building Sustainable Investment Structures with Arabian Securities

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon earnings, "mainly reflecting non-hydrocarbon tax base growths and earnings collection effectiveness improvements", according to the IMF. In the present geopolitical environment identified by intensifying, it is in the finest interests of commodity reliant countries to diversify its export base, exports and trade partners.