Predicting the Next GCC Corporate Landscape thumbnail

Predicting the Next GCC Corporate Landscape

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Verifying the development of AI in the region, a report launched by PwC previously this month stated that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the region using it in their jobs over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are all set to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's data governance community, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to permit for experimentation and growth," said the report.

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Leading organization leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and market experts went to the first Global Service Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas count on each other for essential items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can benefit from the changing patterns of international demand and what role Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by acting as an information and research study centre, by supplying service documents, using legal services, helping with networking opportunities through signature business occasions and delivering nearly every conceivable company solution, it specified.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but slow somewhat. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.

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SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional investment landscape appears promising.

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Responding to a question on regional startups' potential customers of gaining from current investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, policy and data privacy; and actually strong instructional organizations that are increasingly looking at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this area, specifically the GCC, become an AI superpower.

Our greatest driver right now is investing in skill, due to the fact that in the AI race, it's the technical skill that really wins.

"International development funds are can be found in, which reveals clear signs of maturity of the community The capability of the UAE and regional governments to draw in skill; their innovation-first technique, abundance of capital here along with inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of offers with the highest worths, with 250 "largest ticket size" offers recorded in 2025 in the nation.