Non-Oil Sectors Drive Robust Growth in GCC Countries This page in:English العربي

Gulf Economic Update: Navigating the Water Challenge in the GCC RIYADH, December 1, 2024 – The GCC region is estimated to have subdued economic growth of 1.6% in 2024 but is forecast to grow at 4.2% in 2025-2026, according to the Fall edition of the Gulf Economic Update. Growth continues to be driven by the non-oil sector which has shown robust growth of 3.7%, mainly driven by the ongoing diversification efforts and ambitious reforms throughout the region. https://www.worldbank.org/en/news/press-release/2024/12/01/non-oil-sectors-drive-robust-growth-in-gcc-countries