Market Research Report
Future of GCC, Forecast to 2025
|Published by||Frost & Sullivan||Product code||526042|
|Published||Content info||143 Pages
Delivery time: 1-2 business days
|Future of GCC, Forecast to 2025|
|Published: June 30, 2017||Content info: 143 Pages||
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.