Is GCC Becoming Global Industrial Hub?

Sub-Saharan African countries represent around one-third of the overall, followed by Latin America and the Middle East (the latter 2 together accounting for over 40% of the total). Including, there has been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the five years pre- and post-pandemic ).

ANSR July GCC PRs 50DR+

and ranked greater than others; UAE is up more than 45 places in 2024 compared to 2000 while Qatar climbed up 24; both Saudi Arabia and Oman increased 17 ranks during the period. The trapped or worse off nations are some parts of Latin America and Sub-Saharan Africa where structural transformation has actually stalled.

shows a significant increase in average EDI scores from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the initial duration versus 2020-24). with UAE outshining in the trade sub-index (supported by current bilateral trade arrangements & non-oil exports push). vs its pre-pandemic reading (partly provided the surge in medium & modern manufacturing information).

ANSR July GCC PRs 50DR+

Its diversification metrics have stagnated, showing the least improvement in between the initial (2000-04) and last (2020-24) recommendation periods., in spite of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon growth was supported by the GCC's robust domestic demand (supported by a strong project pipeline and application) and strong services sector performance.

Analyzing GCC Stock Exchange Shifts for 2026

Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon profits, "primarily showing non-hydrocarbon tax base expansions and profits collection efficiency improvements", according to the IMF. In the existing geopolitical environment characterized by intensifying, it is in the very best interests of commodity dependent countries to diversify its export base, exports and trade partners.