TAG: The Middle East
Oman was already working to diversify its economy, but the pandemic-induced disruption to oil and gas has further underscored the importance of developing a broader economic base to absorb the impacts of international crises and downturns in commodity cycles.
Saudi Arabia’s long-term vision for economic advancement and diversification is underpinned by commitments that are aligned with ESG principles, with a focus on easing dependence on fossil fuels, expanding opportunities to all segments of society and enhancing the effectiveness of government services.
Kuwait’s economy is characterised by a number of factors that helped it to withstand the severe strains caused by the pandemic.