Can GCC Non-Oil Growth Exceed Global Benchmarks?

Oct 2019 Walid Majdalani, Head of Investcorp Private Equity MENA service, lays out the attractive chances of investing in GCC Infrastructure, driven by the region's growth and government initiatives.

Diversity is achieve a well balanced economy,, Diversity visions and methods exist. The total International EDI is composed of tracking.

For non-diversified nations, when price of the product falls, there is a significant decline in federal government revenue, public costs, bank account balance and worldwide reserves: more volatility. The (consisting of major product exporters, not limited to simply oil) over the, throughout 25 signs (including 3 digital signs). The United States And Canada, Western Europe and East Asia Pacific countries leading EDI ratings for many years.

ANSR July GCC PRs 50DR+

Although structural reforms and diversification efforts undertaken by the GCC affected MENA's local scores favorably, it still lags five other local groups., with the leading 10 nations having less than a 10-point difference in ratings (indicating the strength of diversification)., alongside 4 upper-middle earnings (China, Mexico, Turkey and Thailand) and one lower middle-income nation (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 stand apart (when comparing 2024 vs 2000). years, given accelerated diversity plans of lots of oil-exporting countries. posted a consistent enhancement due to a mix of lowered reliance on fuel exports, minimized exports concentration and a modification in the structure of exports.

Will GCC Non-Oil Success Outpace Global Averages?

with oil exporters having the most affordable ratings (though specific country-specific performance has actually varied 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 regions, the mean score is the for both 2000 and 2024, and the highest in The United States and Canada.

In 2024, the (China was amongst the top ranked, while Mongolia's rating worsened compared to 2000)., however more to do with a "levelling up" at the bottom instead of an improvement amongst the top countries. By comparing the (height of the blue box), least variability 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 nations account for around one-third of the total, 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 5 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 caught or worse off nations are some parts of Latin America and Sub-Saharan Africa where structural transformation has stalled.

reveals a substantial increase in average 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 outshining in the trade sub-index (supported by current bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partially offered the surge in medium & modern manufacturing data).

Benefits of Scaling Industrial Ventures in Middle East

Its diversification metrics have 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 demand (supported by a strong task pipeline and implementation) and strong services sector efficiency.

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon profits, "mainly showing non-hydrocarbon tax base growths and earnings collection efficiency improvements", according to the IMF. In the present geopolitical environment characterized by magnifying, it remains in the very best interests of product dependent countries to diversify its export base, exports and trade partners.

Sub-Saharan African nations represent around one-third of the overall, followed by Latin America and the Middle East (the latter 2 together accounting for 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 ).

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

Benefits of Scaling Industrial Ventures in the Middle East

reveals a significant 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 outshining in the trade sub-index (supported by current bilateral trade contracts & non-oil exports push). vs its pre-pandemic reading (partly offered the surge in medium & state-of-the-art production data).

Its diversification metrics have actually stagnated, revealing 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 demand (supported by a strong project pipeline and implementation) and strong services sector performance.

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