Is GCC Emerging as Global Industrial Hub?

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 total). Consisting of, 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 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 actually stalled.

reveals a considerable boost in average EDI scores 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 outperforming in the trade sub-index (supported by current bilateral trade contracts & non-oil exports push). vs its pre-pandemic reading (partly given the rise in medium & modern manufacturing information).

ANSR July GCC PRs 50DR+

Its diversity metrics have actually stagnated, revealing the least enhancement in between the initial (2000-04) and final (2020-24) recommendation periods., in spite of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon growth was supported by the GCC's robust domestic demand (supported by a strong task pipeline and implementation) and strong services sector performance.

Strategies for Asset Diversification for 2026 World Markets

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