With oil prices at sustained high levels and the government pushing ahead with a large-scale investment programme to upgrade infrastructure, address social issues and further diversification, Saudi Arabia’s economy is thriving.
The Middle East ICT
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While hydrocarbons continue to make up the lion’s share of the emirate’s GDP, oil revenues are supporting long-term efforts to diversify the economy. Oil and gas accounts for about 52% of real GDP, down on previous years, followed by construction, manufacturing and real estate. High-quality transport infrastructure, meanwhile, is boosting trade activity and free zones in Abu Dhabi.
Chapter | Telecoms & IT from The Report: Abu Dhabi 2013
In tandem with the increasing diversification of Abu Dhabi’s economy, the information and communications technology (ICT) industry has come to take on a more prominent role, featuring a much broader range of businesses than was the case even five years ago. Telecoms companies in the UAE are continuing to invest in the country’s physical infrastructure, which is among the most advanced in the...
Chapter | Telecoms & IT from The Report: Dubai 2013
Dubai is well placed to capitalise on emerging trends in the ICT sector to drive economic growth. Indeed, information and communications technology is central to the emirate’s strategy to develop further as a knowledge-based economy. As a result, IT expenditure is expected to continue to expand rapidly, with a compound annual growth rate exceeding 11% until 2016. Digital storage solutions,...
Over the past four decades, Dubai has become one of the most important economic centres in the Middle East and a key destination for investors, tourists and corporations from around the world. The emirate boasts a diversified economy, an open business environment, and a multinational population and workforce, all of which have contributed to its reputation as a leading investment destination.
At the base of the Arabian Peninsula, occupying a landmass slightly larger than Italy, Oman is the largest country in the GCC after Saudi Arabia. In recent years, the non-OPEC oil exporter’s economy has been undergoing a steady transformation, reorienting from oil toward a more diverse set of service and industry-based economic activities. So far, progress has been promising. In 2011 oil and gas accounted for 38.8% GDP.