Cookie Consent by Privacy Policies Generator website The Rise Of GCC As A Hub For International Deals : GoDubai.com

GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> LifeStyle

    Share

GCC's Rise As A Hub For International Deals | AIX Investment

The story of the rise in prominence of the Gulf Cooperation Council (GCC) is by now well known: the region has some of the world's largest hydrocarbon reserves, and has used its massive influx of revenue to fund large-scale infrastructure development and, more recently, the governments have been employing economic diversification strategies to make their economies more sustainable. The member countries of GCC (Qatar, the UAE, Kuwait, Bahrain, Saudi Arabia, and Oman) are all expected to post robust growth figures in the coming years. 

 

As globalization has accelerated worldwide, countries like the UAE have established themselves as major players in the international logistic supply chain by creating favorable economic policies and promoting open trade. This has resulted in an increase in cross-border deals, even during the COVID-19 pandemic.  The outlook of mergers and acquisitions in the region is also witnessing a steady rise. Trade and investment between the bloc and countries that have not been traditional partners have seen an increase to around 45%, up from just 15% in 1980. The shift towards these markets has been exponential and has been led by China and India, although nascent markets in Africa and Latin American also present ample trade and investment opportunities for the GCC.

 

Investment firms say that the reason for the surprising resilience of the region even during the pandemic is the progressive measures carried out by countries in order to integrate domestic economies into the world market. For instance, the UAE has recently amended its foreign ownership law to allow international investors to fully own domestic companies without necessarily having a UAE citizen as a co-shareholder. Increasing normalization of relations between Israel and GCC members also points to the fact that the countries are keen to put historical tensions in the backburner in favor of enhancing economic climates. The strategic location of the region at the heart of the world with easy access to almost all locations on both sides of the hemisphere is a significant advantage that has increased the interest of investors in the region.

 

Although the economic forecast is encouraging, it carries a risk: growth when unplanned and unmanaged will bring detrimental side-effects such as power deficiencies and inflation, especially for food. Some GCC states are already witnessing unpredicted scarcities of electricity and gas, while water supplies are already tensed, and food insecurity is on the rise. A key issue for the Gulf in the next decade, therefore, will be to manage energy, water, and food resources to guarantee both high living standards and sustainable growth in the long term. The GCC countries will have to cooperate and put up a united front against these hurdles to retain its position as a robust business hub and investment destination. 

 

With the GCC now focused on economic diversification with a keen eye on knowledge-based economic strategies, the region is set to grow in credibility as a well-established economic hub connecting the developed markets of Europe and North America and emerging markets of Africa and South Asia.

 

Source:  AIX Investment Group

 


Posted by : GoDubai Editorial Team
Viewed 7966 times
Posted on : Wednesday, May 19, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Asia Alliance Bank Selects ICS BANKS Islamic Banking from ICSFS
Next Story : IAC 2021 Ready to Welcome the Global Space Community in Dubai
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
First Technology Event in 2022 in Dubai Opens with a Resounding Success
Shenzhen Brand Products Exhibition Come to Dubai Physically on January 2022
Mysterious Ancient Tombs Reveal 4,500-Year-Old Highway Network in North-West Arabia
Are You Ready for Valentine's Day? - Omega Says 'Show Me Love'
Joyalukkas Shopper Wins Big in the Ongoing DSF Season of Big Winnings
Pre-Registration Now Open in the UAE for Samsung's The Freestyle Portable Smart ...
MENA Countries Lag in Open Data Barometer and can Catch Up at the 2nd Data Drive...
GEMS Education Statement: Navigating a Safe Return to School Over the Coming Weeks
Global Village Hosts Festive Fun for the Whole Family this Russian Christmas
New LG TVs Redefine Viewing and User Experience With Unmatched Features, Technologies
New UAE weekend: SEHA announces updated operational hours across its facilities
Loeb Eats Into Al Attiyah's Dakar Lead
Sheikh Khalifa General Hospital, Umm Al Quwain receives JCI Re-Accreditation
AD Ports Group Launches KIZAD Communities for Integrated Employee Accommodation ...
Sony Middle East & Africa Broadens Availability of 360 Spatial Sound Experience ...
Dakar Update: Sheikh Khalid Al Qassimi
Iraqi Airways Receives its First A220-300
RAKEZ Facilitates Bank Account Opening for Clients through RAKBANK's Quick Apply...
Efforts by Dubai Municipality to secure 2022 New Year Celebrations
NEW DATES: Atlantic Council Global Energy Forum to be held March 28-29, 2022, al...
Ajman University Set to Host the "Year of the Fiftieth" Commencement C...
Al Adil Enhances Product Range from Jammu & Kashmir
Oris Big Crown X Cervo Volante
Samsung Electronics Announces 2022 Initiatives to Make Home Appliances More Eco-...
‘Connections' Art Exhibition Concludes at Angola Pavilion, Expo 2020
Loeb Closes the Gap Again to Turn Up Dakar Pressure
Terranova Gives BRX SuperB Stage Win as Dakar Reaches Half-Way Point
Maserati: Back to Racing. The First Italian Brand to Compete in the ABB FIA For...
Xposure 2022 exhibitions mark a celebration of culture, adventure, beauty, and more
United Arab Bank Implements Complete Data Protection for Data Backup, Replicatio...
The First-Ever Chupa Chups Room in the World Launches in Dubai, UAE
Samsung Launches Galaxy S21 FE 5G - The Ultimate Smartphone Designed for Fans in...
Samsung's Monitor Lineup Sets New Record for CE Accolades With Nine Awards
LG Levels Up the Laundry Experience With the Latest in Washing and Drying Solutions
Arabian Automobiles Wins Two Major Awards: Agency Workshop of the Year, Agency B...
Region's First World of Coffee Opens at Expo 2020 Dubai
Discover The Infectious Waste Disposal Solution at Arab Health
Emirates Post Group in collaboration with Emirates Philatelic Association. UAE ...
Invesco Outlook: Inflation Sets the Stage for 2022
Zoho's Dubai Headquarters To Operate On New Working Week
Ozka's Step Challenge is Back at Global Village with a Chance to Win an Amazing ...
The Best Clean Beauty Brands at THAT Concept Store
The Republic of Paraguay's Diversity in Focus as a Tourist Destination at Expo 2020
BRX Trio Stage Top Ten Show As Dakar Heads for Finish
Tashkeel Launches 2022 Exhibition Programme with the Work of Six Emirati Photogr...
Dubai Culture and Zoho Partner to Support Digital Transformation for Creative En...
SEHA Announces Closure of Mina Rashid Covid-19 Drive-through Services Center
Byredo Iconic Scents will Soon be Part of the Immersive Stay Experience at Inter...
Enjoy Jashn-E-kebab on Zafran's Outdoor Terrace
Dubai Shopping Malls Group's Up to 1 Million Dirhams Prized Weekly Raffles, a Hi...