Industrial Excellence: a Key Driver for Regional Growth thumbnail

Industrial Excellence: a Key Driver for Regional Growth

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Affirming the growth of AI in the area, a report released by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their jobs over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance community, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to enable for experimentation and growth," stated the report.

Top company leaders, policymakers and financiers from the GCC and Latin America recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, company leaders, investors, and market professionals attended the first Global Business Online forum Latin America held at the Atlantis Palm - Dubai.

Reviewing New GCC Data for Future Growth

In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas depend on each other for vital items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can benefit from the altering patterns of global demand and what function Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as an info and research study centre, by offering company documentation, providing legal services, facilitating networking chances by means of signature business occasions and delivering nearly every imaginable company solution, it mentioned.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but sluggish a little. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits persist somewhere else.

Can Strategic Analytics Drive Middle East Industrial Growth?

SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.

ANSR July GCC PRs 50DR+ANSR July GCC PRs 50DR+


Reacting to a question on local start-ups' potential customers of taking advantage of current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much opting for us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong universities that are increasingly taking a look at AI and turning out technical talent in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.

Our most significant motorist right now is investing in talent, because 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 ecosystem The ability of the UAE and local governments to draw in talent; their innovation-first method, abundance of capital here in addition to inflow worldwide are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.