Oman’s new economic reality calls for Vision 2040 strategy rethink

Oman’s new economic reality calls for Vision 2040 strategy rethink

John Davies
The severity of the economic challenge facing Oman will persist long after the COVID-19 pandemic has receded, requiring the country to rethink its long-term approach to economic development. Vision 2040 remains a top priority for the leadership under Sultan Haitham but with insufficient funds to carry out legacy spending commitments, it will have to rely upon the private sector to drive diversification. This means we could see an acceleration of reforms to attract investment, including further dismantling of foreign investment restrictions, privatisation, closer ties with China and a new tourism strategy.

Business as usual? UAE consumer spending post COVID-19

Business as usual? UAE consumer spending post COVID-19

Karen Young
While the UAE has unveiled a series of stimulus measures to support businesses during COVID-19, the economic fallout of the pandemic has taken its toll on consumer behavior. With many of the country’s key sectors heavily affected by the virus and facing a potentially long period of recovery, businesses will need to adapt to new consumer preferences if they are to encourage a rebound in spending.

Where do Saudi Arabia’s youth stand amid COVID-19?

Where do Saudi Arabia’s youth stand amid COVID-19?

Mark C. Thompson
In Saudi Arabia, where some 60% of the population is under the age of 30, and largely well educated, constructive youth engagement is a necessity for the socioeconomic development. With the fallout from the coronavirus pandemic threatening the economy and the pace of societal transformation, this analysis considers the youth perspective on the crisis – how they view the impact on their job prospects and on their lives.