Advantages of Scaling Manufacturing Ventures across Middle East

Sub-Saharan African countries account for 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 ).

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

reveals a significant increase in average EDI ratings 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 current bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partially provided the surge in medium & high-tech production data).

ANSR July GCC PRs 50DR+

Its diversification metrics have actually stagnated, showing the least enhancement between the preliminary (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 project pipeline and execution) and strong services sector efficiency.

Key Drivers Influencing Gulf Economic Forecasts for 2026

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon income, "mainly showing non-hydrocarbon tax base expansions and profits collection performance enhancements", according to the IMF. In the present geopolitical environment defined by magnifying, it is in the best interests of product dependent nations to diversify its export base, exports and trade partners.