A survey conducted by Reuters showed that increased oil production and economic diversification efforts will help most Gulf countries grow at a faster pace this year compared to 2024.
The survey revealed that the UAE economy outperformed its peers in the Gulf Cooperation Council, with projected growth of 4.8 percent in 2025 and 4.6 percent in 2026. Meanwhile, Saudi Arabia’s GDP is expected to grow by 3.8 percent this year. Qatar’s economy is projected to grow by 2.7 percent this year and accelerate to 5.4 percent in 2026—its fastest growth in 13 years—as it begins a major liquefied natural gas production expansion project next year.
The UAE, Qatar, and Saudi Arabia are all working to reduce their dependence on oil by transforming into tourism destinations.
Source (Al-Khaleej UAE Newspaper, Edited)
