How has the Covid-19 pandemic impacted the development of small and medium-sized enterprises (SMEs) in Abu Dhabi?
The Middle East Economy
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With schools, businesses and borders re-opening across much of the region, several GCC countries are beginning to resume pre-pandemic levels of activity. Does this mark the start of a return to business as usual?
In which areas did small and medium-sized enterprises (SMEs) face the most pressing pandemic-related challenges, and how were those issues mitigated?
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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.
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Dubai’s diversified and digitalised economy was able to absorb the impact of the Covid-19 pandemic relatively well. The emirate enjoys some of the fastest internet speeds and most advanced broadband infrastructure in the world, which facilitated the rapid shift to online work, education and commerce.