A new study by BCG predicts that global trade will grow at an annual rate of 2.9 percent until 2033.
The study reveals strong prospects for GCC trade, with total trade volumes expected to reach $2.3 trillion (AED 8.4 trillion) by 2033, supported by significant expansion across GCC trade corridors.
The study shows that GCC non-oil trade will grow by 3.5 percent annually, highlighting the successful efforts of Gulf countries in diversifying their economies. The study showed that the strategic location of the GCC countries and the expansion of their infrastructure enhance their ability to exploit the opportunities arising from these transformations in developing trade dynamics.
