The Middle East

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Sharjah’s largest infrastructure project has taken another step towards completion following the inauguration of the Middle East’s longest covered tunnel, part of a highway development expected to boost connectivity, trade and logistics between the east and west coasts of the emirate.

Saudi Arabia’s debut at the Cannes Film Festival, coupled with moves to expand the number of cinemas and promote local filmmaking, is expected to support the Kingdom’s efforts to double the entertainment sector’s GDP contribution.

Breaking with tradition, Abu Dhabi has announced it will begin holding open bids for new oil and gas concessions as part of its broader strategy to maximise returns and boost the sustainability of its hydrocarbons industry.

How will activity in the emirate’s real estate sector impact bank lending?

Small and medium-sized enterprises (SMEs) could be set for a much more prominent role in Qatar, with the government stepping up efforts to collaborate with local companies as part of broader diversification plans.

The opening of the new Muscat International Airport (MCT), coupled with investments in hotel infrastructure, are expected to bring Oman closer to achieving its goal of more than doubling tourism’s contribution to GDP by 2040.

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