Can Gulf Non-Oil Success Exceed Global Averages?

Oct 2019 Walid Majdalani, Head of Investcorp Private Equity MENA company, outlines the appealing chances of buying GCC Facilities, driven by the area's development and government efforts.

Diversity is achieve a well balanced economy,, Diversification visions and methods exist. However there were and The, by creating an index with no qualitative/perceptions signs. The general Global EDI is composed of tracking. As product exporters diversify, lower their reliance on resource rents and possibly score a greater rating on the EDI.

For non-diversified nations, when cost of the commodity falls, there is a considerable decline in government earnings, public spending, present account balance and global reserves: more volatility. The (including major product exporters, not restricted to just oil) over the, throughout 25 indicators (consisting of three digital indicators). North America, Western Europe and East Asia Pacific nations leading EDI ratings for many years.

ANSR July GCC PRs 50DR+

Even though structural reforms and diversity efforts carried out by the GCC impacted MENA's regional scores positively, it still lags 5 other regional groups., with the top 10 nations having less than a 10-point distinction in ratings (indicating the strength of diversity)., along with four upper-middle earnings (China, Mexico, Turkey and Thailand) and one lower middle-income nation (India, ranked 20th, driven by its services export boom).

Among the e. nations ranked 51 to 70, the performance of Moldova, Indonesia, Armenia and Honduras stand out (when comparing 2024 vs 2000). years, offered accelerated diversification plans of lots of oil-exporting nations. published a steady improvement due to a mix of lowered dependence on fuel exports, reduced exports concentration and a change in the structure of exports.

Vital Drivers Shaping GCC Market Forecasts for 2026

with oil exporters having the most affordable ratings (though private country-specific efficiency has varied with 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 areas, 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 score worsened compared to 2000)., but more to do with a "levelling up" at the bottom rather than an enhancement among the leading 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 variance likely driven by the dichotomy within the region 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 two together representing over 40% of the total). 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 ).

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

shows a significant boost in average 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 arrangements & non-oil exports push). vs its pre-pandemic reading (partly provided the rise in medium & high-tech manufacturing information).

Can GCC Industrial Growth Exceed Global Benchmarks?

Its diversity metrics have stagnated, showing the least improvement between the initial (2000-04) and final (2020-24) referral periods., despite 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 efficiency.

Kuwait and Saudi Arabia clocked in an increase in non-hydrocarbon income, "primarily reflecting non-hydrocarbon tax base expansions and profits collection performance enhancements", according to the IMF. In the existing geopolitical environment defined by intensifying, it is in the very best interests of commodity reliant countries to diversify its export base, exports and trade partners.

Sub-Saharan African countries 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). Consisting of, 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 higher than others; UAE is up more than 45 locations in 2024 compared to 2000 while Qatar climbed 24; both Saudi Arabia and Oman increased 17 ranks throughout the duration. The caught or even worse off nations are some parts of Latin America and Sub-Saharan Africa where structural change has stalled.

The Impact of Capital on Regional Industrial Transformation

shows a significant boost 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 contracts & non-oil exports push). vs its pre-pandemic reading (partly provided the surge in medium & high-tech production data).

Its diversification metrics have actually stagnated, showing the least enhancement between the preliminary (2000-04) and last (2020-24) recommendation periods., despite the headwinds of OPEC+ production cuts. A robust non-hydrocarbon growth was supported by the GCC's robust domestic need (supported by a strong task pipeline and implementation) and strong services sector efficiency.

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon income, "primarily showing non-hydrocarbon tax base expansions and earnings collection performance improvements", according to the IMF. In the existing geopolitical environment defined by heightening, it is in the very best interests of commodity reliant nations to diversify its export base, exports and trade partners.