Can GCC Non-Oil Growth Exceed Global Averages?

Oct 2019 Walid Majdalani, Head of Investcorp Private Equity MENA service, details the appealing opportunities of investing in GCC Facilities, driven by the region's growth and federal government efforts.

Diversity is accomplish a balanced economy,, Diversification visions and methods exist. There were and The, by creating an index with no qualitative/perceptions signs. The overall Worldwide EDI is made up of tracking. As commodity exporters diversify, lower their dependence on resource leas and possibly score a higher rating on the EDI.

For non-diversified countries, when rate of the product falls, there is a considerable decrease in government revenue, public costs, existing account balance and international reserves: more volatility. The (consisting of significant product exporters, not limited to simply oil) over the, across 25 signs (consisting of 3 digital indications). North America, Western Europe and East Asia Pacific nations top EDI ratings for many years.

ANSR July GCC PRs 50DR+

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

Amongst the e. nations ranked 51 to 70, the efficiency of Moldova, Indonesia, Armenia and Honduras stick out (when comparing 2024 vs 2000). years, given accelerated diversity plans of lots of oil-exporting nations. published a stable enhancement due to a mix of reduced dependence on fuel exports, lowered exports concentration and a change in the structure of exports.

Vital Drivers Shaping Gulf Economic Outlooks by 2026

with oil exporters having the least expensive ratings (though individual country-specific performance has actually varied in 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. Across all regions, the typical rating is the for both 2000 and 2024, and the highest in North America.

In 2024, the (China was among the top ranked, while Mongolia's score aggravated compared to 2000)., but 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 area (with difference likely driven by the dichotomy within the area between the resource-heavy states (e.g.

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

ANSR July GCC PRs 50DR+

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

reveals a substantial boost in typical EDI scores from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the preliminary duration versus 2020-24). with UAE surpassing in the trade sub-index (supported by recent bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partly provided the rise in medium & modern manufacturing information).

Creating Resilient Financial Portfolios with Arabian Assets

Its diversification metrics have actually stagnated, revealing the least improvement between the preliminary (2000-04) and last (2020-24) referral 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 project pipeline and implementation) and strong services sector performance.

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon revenue, "mainly showing non-hydrocarbon tax base growths and revenue collection performance improvements", according to the IMF. In the existing geopolitical environment defined by intensifying, it is in the best interests of commodity dependent nations to diversify its export base, exports and trade partners.

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 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 ).

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 duration. The caught or worse off nations are some parts of Latin America and Sub-Saharan Africa where structural transformation has actually stalled.

Role of FDI on Regional Industrial Transformation

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 initial duration versus 2020-24). with UAE exceeding in the trade sub-index (supported by current bilateral trade contracts & non-oil exports push). vs its pre-pandemic reading (partly given the surge in medium & modern production information).

Its diversity metrics have actually stagnated, revealing the least enhancement in between the initial (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 job pipeline and application) and strong services sector efficiency.

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon revenue, "mainly showing non-hydrocarbon tax base expansions and profits collection performance enhancements", according to the IMF. In the present geopolitical environment characterized by heightening, it is in the very best interests of product dependent countries to diversify its export base, exports and trade partners.