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The Report: Oman 2025
Oman is actively diversifying its economy as part of its Oman Vision 2040 strategy, reducing its reliance on hydrocarbons by expanding sectors like agriculture, fisheries, manufacturing, and banking. The government’s focus on sustainable development is driving growth, particularly through strategic reforms, infrastructure projects and investment in renewable energy. Efforts to improve financial services, including banking, insurance and capital markets, have contributed to economic stability and attracted foreign investment. Oman’s advantageous geographic location enhances its role in regional trade, with a growing focus on ICT and digital transformation, positioning the country as a leader in innovation. The government has also invested heavily in education and health care, improving literacy rates and life expectancy while adopting modern technologies. The tourism sector is another key area of growth, with the government promoting sustainable practices and supporting local economies through community-based projects. Overall, Oman’s transformation is enhancing its competitiveness and positioning it for long-term economic growth.
Oman is actively diversifying its economy as part of its Oman Vision 2040 strategy, reducing its reliance on hydrocarbons by expanding sectors like agriculture, fisheries, manufacturing, and banking. The government’s focus on sustainable development is driving growth, particularly through strategic reforms, infrastructure projects and investment in renewable energy. Efforts to improve financial services, including banking, insurance and capital markets, have contributed to economic stability and attracted foreign investment. Oman’s advantageous geographic location enhances its role in regional trade, with a growing focus on ICT and digital transformation, positioning the country as a leader in innovation. The government has also invested heavily in education and health care, improving literacy rates and life expectancy while adopting modern technologies. The tourism sector is another key area of growth, with the government promoting sustainable practices and supporting local economies through community-based projects. Overall, Oman’s transformation is enhancing its competitiveness and positioning it for long-term economic growth.
The Report: Misrata 2024
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.
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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.
The Report: Saudi Arabia 2023
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.
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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.
The Report: Bahrain 2023
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.
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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.
The Report: Djibouti 2023
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.
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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.
The Report: Nigeria 2024
Nigeria’s global strategic importance derives from its position as having both Africa’s largest population and economy, a reality undergirded by the entrepreneurial drive of its young population. Despite the lingering effects of the Covid-19 pandemic on the economy, aggressive intervention programmes by the Central Bank of Nigeria and support from international partners fuelled a recovery in 2021, with GDP growing 3.6% that year and 3.3% in 2022 after contracting 1.8% in 2020.
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Nigeria’s global strategic importance derives from its position as having both Africa’s largest population and economy, a reality undergirded by the entrepreneurial drive of its young population. Despite the lingering effects of the Covid-19 pandemic on the economy, aggressive intervention programmes by the Central Bank of Nigeria and support from international partners fuelled a recovery in 2021, with GDP growing 3.6% that year and 3.3% in 2022 after contracting 1.8% in 2020.
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