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The Business Environment in Gulf Co-Operation Council Countries
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The Business Environment in Gulf Co-Operation Council Countries

The Economist Intelligence Unit
EIU, 2014
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Editorial Rating

8

Qualities

  • Analytical
  • Innovative

Recommendation

The Economist Intelligence Unit reports on the investment climate within the Gulf Cooperation Council (GCC) countries – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. While local economic conditions have improved in recent years, regional political flux, excessive domestic regulations, foreign ownership limits and dated legal frameworks keep outside investors at bay. getAbstract considers this succinct analysis essential reading for executives looking to do business in the GCC and for investors eying these potentially profitable markets.

Take-Aways

  • The Gulf Cooperation Council (GCC) – a trade and economic bloc consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates – faces challenges in attracting foreign direct investment.
  • Ripples from the Arab Spring have had only a minor impact on the GCC, highlighting its “relative stability,” but domestic political tensions have increased.
  • Lucrative petrochemical production enables state largesse in grants, jobs and public services. In GCC nations, the public sector pays better than the private sector.

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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