Benefits of Expanding Manufacturing Projects in the GCC

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

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 increased 17 ranks throughout the duration. The caught or worse off countries are some parts of Latin America and Sub-Saharan Africa where structural improvement has stalled.

shows a considerable 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 (partly given the rise in medium & high-tech manufacturing data).

ANSR July GCC PRs 50DR+

Its diversification metrics have actually stagnated, revealing the least enhancement between the preliminary (2000-04) and last (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 implementation) and strong services sector performance.

Impact of FDI on GCC Economic Transformation

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon profits, "mainly reflecting non-hydrocarbon tax base growths and profits collection efficiency enhancements", according to the IMF. In the current geopolitical environment identified by magnifying, it remains in the finest interests of product dependent nations to diversify its export base, exports and trade partners.