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Market Research Report

Future of GCC, Forecast to 2025

Published by Frost & Sullivan Product code 526042
Published Content info 143 Pages
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Future of GCC, Forecast to 2025
Published: June 30, 2017 Content info: 143 Pages
Description

The Growth Story of the Oil-Dependent Region through Economic Diversification and Socio-Political Reforms

Over the last 50 years, there has been unparalleled economic growth among the oil-rich Gulf Cooperation Council (GCC) countries, and they now rank among the world leaders in per capita income. However, the recent oil-price fluctuations have complicated the situation of these oil-dependent economies. GCC nations have recognized that oil resources alone cannot withstand economic prosperity over the long term, and thus they have shift towards diversification of economy.

Almost all GCC countries will undertake social and political reform by 2020 to increase non-oil revenue and increase private sector's contribution to GDP. In the next decade, GCC will have tremendous growth in mobile connectivity and Internet usage; online retailing and cities will create larger economies than countries. GCC countries will shift towards renewable resources for energy generation to preserve the oil wealth.

This study will examine the various Mega Trends-economic, demographic, social, political, digital world-that will come up over the next decade, how these trends will impact the business environment of the GCC nations, and how they will help the region to survive the oil price complications. The study's time frame is from 2016 to 2025.

Key Questions Addressed:

  • What are the major Mega Trends the region will see in the next 10 years?
  • What would be the impact of these Mega Trends on the economy and businesses of GCC?
  • How will the oil-price fluctuations impact the economy and business of the region and how will the region sustain its economic growth in future?
  • What are the future prospects of this region that would lead to attract more global investments and market attention?

Key Topics:

  • Connectivity Trends: Digital future of GCC, Internet economy, mobile economy, Big Data analytics market, eGovernance initiatives, digital inclusion in various sectors
  • Economy and Trade: Economic fundamentals of GCC, Economic Diversification in GCC, future of manufacturing, financial market of GCC
  • Social Trends: Demographic trends, affluence growth, women empowerment, working age demographic dividend, future of halal economy and labor productivity
  • Future of Infrastructure: Infrastructure investment, port development, airport development, integrated transport
  • Urbanization trends: Mega Cities, Mega Regions, Mega Corridors, and urbanization rate
  • Smart is the New Green: Smart Cities and IoT Smart Developments
  • Future of Regional Trade: Transportation corridors, Interconnectivity and Economic Integration
  • Retail Trends: B2C online retail market, top online retailers of the region, and future transformational shifts in retailing
  • Future of Energy Resources: Future energy generation and consumption, renewable energy, power sector growth and investments
  • Future of Healthcare: Healthcare spending, medical tourism, burden of lifestyle disease
Table of Contents
Product Code: K0F0-MT

Table of Contents

1. EXECUTIVE SUMMARY

  • Future of the GCC-The Survival Story after Oil-Price Instability
  • Key Findings
  • Key Findings (continued)
  • Key Findings (continued)
  • Digital Future of GCC
  • Internet Contribution to Economy
  • Future of GCC Economy-Regional Perspective
  • Overall Economic Growth of GCC-Past and Future
  • Impact of Qatar-GCC Crisis on the Qatar Economy
  • Long-Term Impact of Oil-Price Depreciation on GCC Economy
  • MENA Demographic Composition in 2025
  • GCC Affluence by 2026
  • Economic Potential of Women in GCC
  • Future of GCC Labor Force
  • Growth Drivers of Islamic Tourism
  • Destinations for Muslim Travellers-Regional Perspective
  • Future GCC Infrastructure Development
  • Mega Ports in GCC-Million Dollar Projects
  • Mega Cities of the Future
  • Transportation Corridors in MENA to Foster Inter-Regional Trade
  • Future Smart City Projects in the GCC by 2025
  • KAEC-The Epicentre of the Rea Sea Economy
  • Online Retailing Business in GCC
  • Healthcare Expenditure in GCC
  • Future Energy Consumption in GCC
  • Increase in Fossil Fuel Savings by GCC

2. RESEARCH SCOPE, OBJECTIVES, AND METHODOLOGY

  • Research Scope
  • Research Aims and Objectives
  • Research Background
  • Research Methodology-From Macro to Micro
  • Research Methodology-From Macro to Micro (continued)
  • Definitions

3. MEGA TREND 1-CONNECTIVITY AND CONVERGENCE TRENDS

  • Future Connectivity Trends-Highlights
  • Digital Future of GCC
  • Internet Contribution to Economy
  • Big Data in GCC
  • Mobile Economy of GCC
  • Digital Initiatives in UAE
  • eGovernment Evolution in GCC
  • IoT Development Across GCC Nations
  • IoT Changing the Gulf Industries

4. MEGA TREND 2-ECONOMIC TRENDS

  • Future Economic Trends-Highlights
  • Future of GCC Economy-Regional Perspective
  • Overall Economic Growth of GCC-Past and Future
  • Impact of Qatar-GCC Crisis on the Qatar Economy
  • Economic Diversification-Shift from Hydrocarbons
  • Economic Diversification Dynamics of UAE Economy
  • Economic Diversification Dynamics of KSA Economy
  • Future of Manufacturing
  • Accelerated Privatization Towards Diversified Income
  • Sovereign Wealth Fund of KSA
  • Future of Saudi Financial Market

5. MEGA TREND 3-SOCIAL TRENDS

  • Future Social Trends-Highlights
  • Global Demographic Composition in 2025
  • MENA Demographic Composition in 2025
  • Middle Eastern Affluence in 2026
  • GCC Affluence by 2026
  • Trends Driving Women's Empowerment
  • Economic Potential of Women in GCC
  • Economic Potential of Saudi Women
  • Demand for Services for the Saudi Elderly
  • Working Age Demographic Dividend
  • Future of Halal Economy
  • The Halal Wave-Islamic Finance
  • Islamic Finance-Regional Perspective

6. MEGA TREND 4-FUTURE SOCIOPOLITICAL REFORMS TO SURVIVE OIL-PRICE COMPLICATIONS

  • Long-Term Impact of Oil-Price Depreciation on GCC Economy
  • Tax Structure in the GCC
  • Non-oil Revenue Reforms Agenda in GCC

7. MEGA TREND 5-FUTURE OF LABOUR FORCE

  • Future of Labour Force-Highlights
  • Future of GCC Labour Force
  • Future of Saudi Labour Force
  • Sectoral Composition of Saudi Labour Force
  • Mobile Work Force

8. MEGA TREND 6-FUTURE OF TOURISM

  • Future of Tourism-Highlights
  • Growth Drivers of Islamic Tourism
  • Destinations for Muslim Travellers-Regional Perspective
  • Future of Saudi Tourism
  • Jeddah-Hub of Medical Tourism
  • Case Study-King Khalid Medical City in Dammam to serve 7 million people by 2018

9. MEGA TREND 7-FUTURE OF INFRASTRUCTURE

  • Future of Infrastructure-Highlights
  • Future GCC Infrastructure Development
  • Mega Ports in GCC-Million Dollar Projects
  • Future of Saudi Infrastructure
  • Top transformational shifts to shape airports
  • Case study-King Abdulaziz International Airport
  • Future of Integrated Transport
  • Development of state-of-the art transport infrastructure
  • Impact of the Qatar Crisis on Infrastructure Projects in Qatar

10. MEGA TREND 8-URBANIZATION, ‘CITY AS A CUSTOMER'

  • Future of Urbanization-Highlights
  • Mega Cities of the Future
  • Future of Economic Cities
  • Mega Cities to Offer Growth Opportunities Across Industries
  • Transportation Corridors in MENA to Foster Inter-Regional Trade
  • Skyscraper Cities

11. MEGA TREND 9-FUTURE OF SMART CITIES

  • Future Smart Cities-Highlights
  • Future Smart City Projects in the GCC by 2025
  • Planned Smart City Projects initiatives in GCC
  • Future of King Abdullah Economic City (KAEC)
  • KAEC-A Base for Multiple Industries
  • Case study-Transforming Jeddah into a Smart City
  • Jazan Economic City
  • Revenue Models for Smart City Projects in GCC
  • Role of Telecom Players in the Middle East Smart City Ecosystem
  • Recommendations to Companies in the Private Sector

12. MEGA TREND 10-FUTURE OF REGIONAL TRADE

  • Future of Regional Trade-Highlights
  • Network of Transportation Corridors to Foster Inter-regional Trade
  • KAEC-The Epicentre of the Rea Sea Economy
  • Increased Interconnectivity and Economic Integration
  • Impact of Qatar Crisis on Regional Trade

13. MEGA TREND 11-BRICKS AND CLICKS

  • Online Retailing Business in GCC
  • Opportunities in the GCC Online Retail Sector
  • Case Study-Souq, the Amazon of the Middle East

14. MEGA TREND 12-FUTURE OF HEALTHCARE

  • Future of Healthcare-Highlights
  • Healthcare Expenditure in GCC
  • Escalating Burden of Lifestyle Disease in the GCC
  • Dubai, a Medical Tourism Hub by 2020

15. MEGA TREND 13-FUTURE OF ENERGY

  • Future of Energy-Highlights
  • Future Energy Consumption in GCC
  • Future of Sustainable Energy Dynamics in GCC
  • Increase in Fossil Fuel Savings by GCC
  • Upsurge of Smart Electricity Meter in GCC
  • Case Study-DEWA's Energy Management Projects in Dubai

16. CONCLUSION

  • Key Areas of Growth in GCC
  • Key Areas of Growth in GCC (continued)
  • Legal Disclaimer
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