While Singapore has traditionally been seen as a model for the United Arab Emirates, Norway, with its unique approach to economic management and environmental sustainability, is increasingly cited as an inspiration.
The longer-term desirability of Neom’s destinations depends largely on the fast-changing domestic environment within Saudi Arabia, yet a tough regional neighborhood will keep Saudi planners on their toes.
The Saudi economy is likely to grow by around 1.5% in 2024 with the non-oil sector expanding by 3% to 4%. However, uncertainties are high, centering around the oil market, conflict in Gaza, path of U.S. monetary policy, and effects of domestic reforms.
Through government support, the UAE looks to spark its nongovernmental sector, encouraging the growth of a new social entrepreneurship ecosystem.
Saudi Arabia’s innovative strides in health care aim to ensure that the kingdom has the tools and infrastructure to meet rising health-care challenges.
Gulf state economic diversification, led by the UAE, is driving a surge in relations with South America, reinforced by shared leadership outlooks, bilateral trade, and security considerations.
Saudi Arabia’s Public Investment Fund is likely to become the world’s largest sovereign wealth fund by the end of the decade, but raising the resources to fund its ambitious domestic investment program may increase economic and financial risks.
Beneath Saudi officials’ tough talk on the Regional Headquarters Program lies a strong desire for constructive engagement with top global firms and attracting greater inflows of foreign investment.
The institutionalization of the Gulf-India partnership through the India-Middle East-Europe Economic Corridor has solidified India’s shift away from Iran and toward the Gulf states.
Through its careful examination of the forces shaping the evolution of Gulf societies and the new generation of emerging leaders, AGSIW facilitates a richer understanding of the role the countries in this key geostrategic region can be expected to play in the 21st century.Learn More