Economy GCC economic data The latest economic indicators for the Gulf Co-operation Council countries: the United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman and Bahrain – plus links to in-depth pages on each country November 20, 2024, 9:00 AM Unsplash/Robert Bock More economic data on the GCC states Bahrain Qatar Kuwait Saudi Arabia Oman UAE For other countries in the region, go to our Mena economic data page GCC nominal GDP Nominal GDP for GCC countries Real GDP growth in the GCC How many people live in the GCC? Expats living in the GCC Bahrain indicators Kuwait indicators Oman indicators Qatar indicators Saudi Arabia indicators UAE indicators Latest sovereign ratings for the GCC Poverty in the GCC Unemployment rates in the GCC The charts and tables on this page are for general information purposes only. AGBI aims to keep the information up-to-date and correct, but makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information. Any reliance you place on such information is therefore strictly at your own risk. All IMF, World Bank and United Nations data on this page is publicly available. The latest IMF World Economic Outlook was published on October 22 2024
Tech Damac to spend $3bn on data centres in Southeast Asia Edgnex, the data centre subsidiary of Dubai’s Damac Group, is planning to invest $3 billion in sites across Southeast Asia over the next three to five years. The investment is part of a $7 billion digital infrastructure strategy that aims to meet rising demand for artificial intelligence and cloud computing, Danish Nayar, Damac’s senior vice-president […] 4 hours ago
Real Estate Aldar acquires unfinished commercial tower in DIFC Abu Dhabi’s largest developer, Aldar Properties, has acquired an unfinished commercial tower in the Dubai International Financial Centre (DIFC) for AED2.3 billion ($626 million), as it continues its expansion into its neighbouring emirate. The tower, bought from H&H Development, has 40 floors of commercial and retail space and is due for completion in 2028. It is […] 6 hours ago
Finance Qatar to invest £1bn in UK climate tech The Qatari and British governments have announced a spate of deals as the Gulf country’s emir arrived in the UK on a two-day state visit. Officials announced on Wednesday that Qatar will invest £1 billion ($1.27 billion) in climate technology in the UK, with British engineering firm Rolls-Royce a key beneficiary. The investment is expected […] 6 hours ago
Sustainability Arab funds pledge $10bn to fight desertification The Arab Coordination Group, an alliance of 10 development funds, is to provide $10 billion by 2030 to combat land degradation, desertification and drought, it was announced on the second day of the United Nations Convention to Combat Desertification event in Riyadh. The commitment brings the total pledged to these interrelated causes at the two-week […] 7 hours ago