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GCC economies forecast to expand by 4% annually over the next 5 years
Posted on December 5, 2024 |
GCC economies are expected to grow at 4% annually over the next five years, double the growth rate of advanced economies.
Growth is fueled by the region’s energy dominance and efforts to diversify beyond oil and gas.
Vision programs in each GCC country focus on sustainable development and support economic transformation.
GCC countries’ equity markets have expanded with inclusion in the MSCI Emerging Markets and MSCI All Country World Index.
Despite increased index representation, the region is still underrepresented globally, offering room for further growth.