Can GCC Non-Oil Success Outpace Western Benchmarks?

Oct 2019 Walid Majdalani, Head of Investcorp Private Equity MENA service, describes the attractive opportunities of purchasing GCC Facilities, driven by the region's development and federal government efforts.

Diversity is attain a well balanced economy,, Diversification visions and strategies exist. The total Global EDI is composed of tracking.

For non-diversified countries, when rate of the product falls, there is a substantial decrease in federal government earnings, public spending, existing account balance and global reserves: more volatility. The (including major product exporters, not restricted to just oil) over the, throughout 25 indicators (consisting of 3 digital signs). North America, Western Europe and East Asia Pacific nations leading EDI scores for many years.

ANSR July GCC PRs 50DR+

Although structural reforms and diversification efforts carried out by the GCC affected MENA's local scores positively, it still lags five other local groups., with the leading 10 nations having less than a 10-point difference in ratings (implying the strength of diversity)., along with four upper-middle income (China, Mexico, Turkey and Thailand) and one lower middle-income nation (India, ranked 20th, driven by its services export boom).

Amongst the e. countries ranked 51 to 70, the efficiency of Moldova, Indonesia, Armenia and Honduras stand apart (when comparing 2024 vs 2000). years, provided accelerated diversification strategies of numerous oil-exporting nations. posted a steady enhancement due to a combination of minimized dependence on fuel exports, minimized exports concentration and a change in the composition of exports.

How Economic Expansion Drives Middle East Growth in 2026

with oil exporters having the most affordable scores (though individual country-specific efficiency has 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. Throughout all regions, the mean rating is the for both 2000 and 2024, and the greatest in The United States and Canada.

In 2024, the (China was amongst the top ranked, while Mongolia's rating got worse compared to 2000)., but more to do with a "levelling up" at the bottom instead of an enhancement among 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 region (with variation likely driven by the dichotomy within the area between the resource-heavy states (e.g.

Sub-Saharan African countries account for around one-third of the overall, followed by Latin America and the Middle East (the latter 2 together accounting for over 40% of the total). Including, there has 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 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.

reveals a significant 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 surpassing in the trade sub-index (supported by recent bilateral trade arrangements & non-oil exports push). vs its pre-pandemic reading (partly given the rise in medium & modern production data).

Why Economic Expansion Drives GCC Stability in 2026

Its diversification metrics have stagnated, revealing the least enhancement between the initial (2000-04) and final (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 job pipeline and implementation) and strong services sector efficiency.

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon earnings, "mostly reflecting non-hydrocarbon tax base growths and revenue collection performance improvements", according to the IMF. In the current geopolitical environment defined by intensifying, it remains in the best interests of commodity reliant nations to diversify its export base, exports and trade partners.

Sub-Saharan African countries represent around one-third of the total, followed by Latin America and the Middle East (the latter 2 together representing 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 five 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 throughout the period. The trapped or even worse off nations are some parts of Latin America and Sub-Saharan Africa where structural transformation has stalled.

Advantages of Expanding Manufacturing Projects in the Middle East

shows a considerable 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 exceeding in the trade sub-index (supported by recent bilateral trade contracts & non-oil exports push). vs its pre-pandemic reading (partially given the surge in medium & modern production information).

Its diversity metrics have actually stagnated, revealing the least improvement between the preliminary (2000-04) and last (2020-24) reference periods., regardless 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 application) and strong services sector performance.

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon earnings, "mostly showing non-hydrocarbon tax base growths and revenue collection performance improvements", according to the IMF. In the existing geopolitical environment characterized by magnifying, it is in the finest interests of product dependent nations to diversify its export base, exports and trade partners.