The emerging global economic landscape, driven now by digital transformation, demographic changes, and shifts in climate, will come under leadership in the region of the Middle East and North Africa, headed by the Gulf Cooperation Council, through strategic initiatives and investments for sustainable growth.
Major global trends include demographics creating new markets, rapid digitalisation driving innovation, the green transition fueling clean energy growth, and economic fragmentation pushing nations toward self-sufficiency. Moreover, because of threats looming ahead, by 2050, the global economy will have at least doubled, and it is spurred by the forces of AI and the demand for productivity.
The MENA region has reaped the benefits of diversification efforts, and non-oil GDP in the region has taken a boost along with the demographic advantage of the young population. The GCC region is leading in adopting high technology and investments in clean energy. The MENA region has strategic global trade routes and rising foreign direct investments with prospects for sustainable growth.
In the future, the significance of the MENA region will be great to develop its strategic advantages for innovation and global economic leadership.