Djibouti is focusing on infrastructure improvements and a gradual diversification of its economy, both of which will require considerable foreign investment over the coming years, as well as a careful balancing of the state budget.
The fall in oil and gas prices has been longer and more pronounced than what nearly all experts anticipated when the decline started in mid-2014. This has had significant impacts on all hydrocarbons-rich countries around the world, and Trinidad and Tobago is no exception. Having over a century of experience in producing oil, however, T&T has ridden out and recovered from the ups and downs of this industry, coming out stronger each time.
Like other countries in the GCC, Saudi Arabia is undergoing a period of deep economic transformation aimed at easing the pressure on government revenues imposed by a sustained period of low oil prices, while also increasing the contribution of non-oil industries to the national economy. To this end, the government has launched Vision 2030, a long-term policy plan focused on modernising the public sector, developing the country’s human capital and opening up to greater foreign investment.