- As of the end of 2023, 05 neobanks are disrupting the FinTech landscape of UAE, which is the highest number of neobanks in any GCC country.
- Due to Russo-Ukrainian war, lately, GCC countries made windfall oil profits but the GCC countries have laid out their visions towards becoming non-oil economies.
- E-commerce in GCC is witnessing a 15% CAGR and real estate is hyper-booming. Due to projects such as KSA’s Neom, Oman’s Duqm SEZ, GCC wide rise of Ai, FinTech and digital economy, and tectonic shifts in the tax landscape, GCC is importing global talent with an unprecedented speed and generosity.
- GCC countries have placed emphasis on localization of workforce programs such as Saudization, Emiratization, Omanization, etc., and investing and regulating heavily around these programs.