Today, 70 years since the discovery of oil at the Bab-2 well in Abu Dhabi heralded a new era for the Gulf region, the global landscape is marred by sluggish GDP growth and looming recession risks. But the Arab world's 'Big Three' economies ' the UAE, the Kingdom of Saudi Arabia and Egypt ' are bucking the global trend, successfully diversifying their economies and carving a leadership role in the new global economy. These economies represent the fastest-growing economic bloc in the world. Saudi Arabia is the first trillion-dollar economy in MENA and the UAE has delivered record non-oil growth. Egypt, for its part, is achieving a positive trajectory despite recent compounding and challenging headwinds. Driven by proactive government initiatives to foster business creation, an intensified focus on entrepreneurship and education, and a cultural shift towards innovative business practices, the UAE and Saudi Arabia have established themselves as top global destinations for launching new...
learn more
