The World Financial institution initiatives that the financial progress fee of Gulf international locations will attain 3.4 % in 2025, rising to 4.1 % in 2026, in comparison with an anticipated 3.3 % progress fee for the Center East and North Africa (MENA) area as a complete.
Ousmane Dione, World Financial institution Vice President for the Center East and North Africa, said that whereas the area’s financial outlook stays constructive, progress charges will differ between oil-producing and oil-importing international locations.
Talking to the Emirates Information Company (WAM) on the sidelines of the World Governments Summit 2025 (WGS) in Dubai, Dione highlighted that the GCC international locations preserve a robust financial place because of their diversification efforts. In distinction, different international locations within the area proceed to face challenges associated to conflicts and instability.
He famous that Gulf economies profit from substantial investments in non-oil sectors, offering them with a aggressive benefit over international locations fighting geopolitical instability.
In a separate context, Dione mentioned the Memorandum of Understanding signed between the World Financial institution and the Mohamed bin Zayed Water Initiative. He said that this partnership goals to handle water safety challenges within the area and past.
He additionally highlighted that the MENA area accounts for about 55 % of the world’s desalinated water manufacturing. Nonetheless, he emphasised the significance of exploring different options corresponding to water reuse, improved useful resource administration, and integrating synthetic intelligence and trendy applied sciences to trace leaks and improve sensible irrigation methods for better effectivity.
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