The World Bank has expressed optimism regarding economic growth in Gulf Cooperation Council (GCC) countries. The UAE is projected to see growth rise to 4.6% in 2025 and stabilize at 4.9% in 2026 and 2027. Non-oil sectors are highlighted as key growth drivers, with expectations of a 4.9% increase in 2025. The report forecasts GCC-wide growth to reach 3.2% in 2025 and 4.5% in 2026, driven by strong non-oil sector expansion. Countries like Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia are also anticipated to experience steady growth. The report emphasizes the importance of fiscal policies in ensuring economic stability and encouraging diversification. Despite global trade uncertainties, the GCC’s commitment to economic diversification and strategic investments in innovation and youth employment remains strong. Government spending has effectively stabilized regional economies, particularly during downturns.
— new from (إرم بزنس)
