Benefits of Expanding Industrial Ventures in the Middle East

Sub-Saharan African countries represent around one-third of the overall, followed by Latin America and the Middle East (the latter two 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 5 years pre- and post-pandemic ).

ANSR July GCC PRs 50DR+

and ranked greater 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 throughout the period. The caught or worse off countries are some parts of Latin America and Sub-Saharan Africa where structural improvement has stalled.

reveals a significant boost in average EDI scores 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 exceeding in the trade sub-index (supported by recent bilateral trade arrangements & non-oil exports push). vs its pre-pandemic reading (partially offered the rise in medium & high-tech production data).

ANSR July GCC PRs 50DR+

Its diversification metrics have actually stagnated, showing the least enhancement in between the preliminary (2000-04) and last (2020-24) recommendation periods., despite 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 execution) and strong services sector efficiency.

Refining Capital Strategies for the Next-Gen GCC Economy

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon earnings, "primarily reflecting non-hydrocarbon tax base expansions and revenue collection performance enhancements", according to the IMF. In the current geopolitical environment characterized by intensifying, it remains in the very best interests of commodity reliant nations to diversify its export base, exports and trade partners.