Why other continent entrepreneurs are investing in Gulf countries?

The political economy of the Gulf region, that was known for its conservative and stagnant economic practices has undergone a massive transformation since 2015. What happened in 2015 that forced these nations that were rather economically stable and resistant to change to adopt radically new approaches?  2015 saw unprecedented drop in oil prices across the world owing primarily to the boom in the U.S.  oil production. The OPEC (Organisation of the Petroleum Exporting Countries) collectively faced a loss of $467 billions. This was certainly a wake-up call for these nations towards the risks of being a single-product economy- no matter how much in demand or crucial the product is to the world. While oil and natural gas are still irreplaceable as the primary

Members Only

Sign up or login to read the full story.

Register

Hot this week

Abdulfatah Ramadan Mohalhel: A Leader Driven by Integrity, Honesty, and High Ethical Standards

Abdulfatah Ramadan Mohalhel: Kuwait Drilling Company ( KDC ) Entrepreneurs...

UAE’s Botim Launches ‘Send Now, Pay Later’ Remittance Service

In a groundbreaking move, Botim, a popular voice and...

Bolo.ae- UAE Shoppers Are Flocking  for Global Deals

Bolo.ae is changing the game for UAE shoppers tired...

Amjad Barakat: An Influential Business Leader with Unbeatable Spirit and Perseverance

Amjad Barakat, Founder, Brunch & Cake While entrepreneurship can be...

Vinod Damodaran: Master of Aggregates & Inspiring Leadership

Vinod Damodaran, CEO, Central Quarry & Mining “When you want...

BlueFive Capital Is Building a $1B Aircraft Leasing Platform in Oman

BlueFive Leasing is the new aircraft leasing company launched...

Dubai Unveils Al Layan Oasis as Major Desert Tourism Destination

Al Layan Oasis tourism project takes Dubai’s desert experience...

MGX in Talks to Join Anthropic’s $20 Billion Fundraising

MGX Anthropic Investment is gaining headlines as Abu Dhabi’s...

Proptech Safqah Capital Raises $15.2M in Seed Funding

A Saudi fintech and proptech company, Safqah Capital raises...

UAE Fintech InvestSky Raises Seed Funding of $4M for Expansion

InvestSky social trading platform raises $4 million in seed...

Roshn and Agility Team Up for Mega Logistics Park

PIF-owned Roshn Group and Agility Logistics Parks signed heads...

Mamo Pay: Three Founders, One Clear Fix for Business Payments

Mamo Pay is a Dubai-based financial technology company built...

Mohammed Hussein Alshaali – Chairman of Gulf Craft Group

Mohammed Hussein Alshaali is a respected entrepreneur who has...

Related Articles

Popular Categories