The GCC is set for stronger economic performance in 2025, with momentum fuelled by structural reforms and rapid advances in digital technology, according to the World Bank’s latest Gulf Economic Update.
The report forecasts growth of 4.8% for the UAE and 3.8% for Saudi Arabia, with Bahrain, Oman, Qatar, and Kuwait expected to expand between 2.7% and 3.5%.
The update reviews a decade of diversification across the region, noting that recent years have seen the fastest progress as governments deepen investment in non-oil sectors and accelerate AI-driven digital transformation. The World Bank says continued progress will depend on strengthening national vision strategies and maintaining disciplined fiscal policies.
Gulf Economist Staff Writer