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Recognised as Libya’s commercial capital due to centuries of trade and commerce and its strategic location, Misrata serves as a vital gateway for imports and exports, facilitating trade connections between the city, other parts of Libya and countries situated along the Mediterranean Sea.
Saudi Arabia's dynamic economy is poised for growth, driven by its Vision 2030 diversification agenda. The Kingdom aims to transform its industries, stimulate innovation and solidify its global position. The country’s commitment to modernise its energy sector, targeting 650 GW of renewable energy by 2060, signals a promising future characterised by economic diversification and prosperity.
Bahrain consolidated its recovery from the Covid-19 pandemic by achieving 2.2% GDP growth in 2021 before accelerating to 4.9% in 2022. To leverage the advantage of elevated oil prices, the country introduced an Economic Recovery Plan in late 2021 in an effort to stimulate sustainable and broad-based growth. This plan aims to improve public finances, catalyse investment in major infrastructure projects, and enhance economic competitiveness through the development of human capital and high-potential industries.
With its strategic location at the crossroads of Africa, Asia and the Middle East, Djibouti’s stability and solid macroeconomic fundamentals make it an emerging market stand-out in 2023. Although the transport and logistics sector forms the backbone of the country’s economy, Djibouti is diversifying significantly to transform itself into a regional centre of trade and investment.