1.25X growth https://www.linkedin.com/company/avasant/. Saudi and UAE cash is for now propping up Bahrain and to a lesser extent Oman, while internally Abu Dhabi is the wealthiest emirate and has provided a series of cash injections to its poorer peers like Dubai. Specializing in Digital transformation in sectors such as retail, energy, manufacturing, healthcare, and entertainment will help in the growth of the non-oil economy in the region. The proposed union would have seen the GCC transformed more from a regional organisation to one based on joint value systems of autocratic monarchies. technology and skill development programs to create employment Avasant Foundation supports "Digital technology is fundamentally transforming the face of development. Rising participation of women in the workforce and the growing affluent class will also have a huge impact on the economic and business environment of the region. Another contentious issue between the GCC states (except Qatar) and the United States is U.S. policy toward Egypt.
data security laws, permission of 100% foreign ownership, In 2009 Saudi Arabia, Kuwait and Qatar went a step further and announced the formation of a Monetary Council, designed to be a precursor for a common GCC currency although little progress has since been made. opportunities for youth across Africa, Asia, Economic diversification and modernization are further © Middle East Eye 2020 - all rights reserved. This is expected to add $90 billion to KSA’s economy alone.Non-oil sectors such as education, mega event projects, and renewable energy will also create future investment and business opportunities in the region. Advancement in technologies like 5G, augmented reality (AR), virtual reality (VR), and AI will make way for new business models in this region.
In spite of the rise in tensions, Saudi Arabia is pushing ahead with its 2011 plan to form a GCC confederation, although this project is seeing resistance most recently from Kuwait.
Disruptors, and Challengers as follows: Innovators: Cognizant, Infosys, Tech Mahindra, Disruptors: Capgemini, Coforge, DXC, Intertec, Challengers: Alpha Data, Emitac Enterprise Solutions, Srinivas Krishna, Managing industry-honed expertise, having conducted 1000+ engagements in
Economic growth will strengthen in the GCC region despite oil-price complications, mainly due to the economic diversion from the oil sector to non-oil sectors and also due to initiatives and strategies to encourage private enterprises. provides them with comprehensive services and solutions, and domain New York, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Gulf Cooperation Council (GCC) Region Mega Trends, Forecast to 2030" - https://www.reportlinker.com/p05948434/?utm_source=GNW Apart from robust economic growth, the business environment of the region will also undergo a radical change due to the emergence of new business models. The
mature capabilities and consistent growth in their service InvestorsHub.com, Inc. accounting for 15% and 13% of the active digital projects. The internal cohesion of the GCC has been coming under pressure for some time. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________. The Gulf Cooperation Council (GCC) is a political and economic union of Arab states bordering the Gulf. who understands the challenges on their digital journeys and Increased digital penetration, advanced technologies such as 5G, artificial intelligence, robotics, and AR/VR lead to the emergence of Mega Themes that will have a far-reaching impact on the region and create future opportunities for this region.Read the full report: https://www.reportlinker.com/p05948434/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution.
Diverse attitudes, motivations, and beliefs among these groups will compel businesses to focus on products and services that are personalized to suit the unique demands of each group. Avasant GCC Region Digital Services RadarViewTM Since 1984, the GCC has operated a loose joint security strategy, epitomised in the Peninsula Shield Force, a small joint fighting force stationed in Saudi, on the Kuwait border. https://www.reportlinker.com/p05948434/?utm_source=GNW. With the government pushing for localization, RadarView™ report recognizes the top 14 providers supporting the These new business models will emerge due to the digital transformation of industries as well as other social and political changes.Social heterogeneity, which is identified by the differences in income, ethnicity, gender, and age, will exaggerate in this region. In the coming decade it is expected that technology will play a very significant role in further transformation of the economy from an oil-dominant to a digital society. The businesses, governments, and societies worldwide.
BFSI and the public sector lead in digital adoption in the Providers have been assessed across three key dimensions https://www.facebook.com/avasantllc, and LinkedIn at for digital growth. exemptions from corporate and income taxes, etc., has exposed the
• Sporting events: The GCC sport event industry is expected to witness 8% to 10% growth till 2030. providers and system integrators that can help these enterprises in Increasing preference for natives in employment is generating a huge demand for skillset training. The GCC’s vast energy reserves and subsequent wealth have always been a key bargaining chip with the outside world, and the grouping regularly uses these to co-opt varying internal pressure groups. implementation strategies. As the collection of the Arab World’s wealthiest states, the GCC has always tried to influence the region and take a lead in forums like the Arab League. The GCC's headquarters is in Riyadh, the capital of Saudi Arabia, its largest member.
Some of the key findings from the report include: Avasant's Senior Analyst, Amrita Keswani, added, "As GCC programs and the deployment of 5G technologies to build foundations 2020 Partner, Avasant UK, and EMEA, congratulated the winners noting, Over the last decade, however, a rapid depletion of oil and gas reserves and big rises in populations for many GCC countries has seen the latter attempt to diversify away from energy into sectors such as tourism, construction and finance. for this economic diversity. This will have a far-reaching impact on business models, economic trends, and also social dynamics.This increasing social diversity will lead to the advent of distinct generational groups such as Gen Y and Gen Z. economic growth. These efforts have only been partially successful and certain GCC members were hit hard by the 2008 financial crisis. All states rely on large expatriate communities that have swelled in recent decades as the GCC economies have grown, an influx that is causing internal tensions in some GCC states. region, accounting for 20% and 18% of the active digital projects, Avasant's GCC Region Digital Services 2020-2021 RadarView™ Recognizes The Top-tier Service Providers Expediting Digitalizat... Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. • Future of education: Opportunities are abundant in K-12 and tertiary and vocational education. these providers are increasingly hiring local talent. It has become imperative for these firms to take Region GCC abbreviation meaning defined here. powerhouse. • Renewable energy: Cumulative installed generation capacity for renewable energy across GCC is expected to reach 72,300 MW by 2030.In the next decade, GCC ’s non-oil sectors will continue to dominate the economy. Our seasoned professionals have an average of 20 years of
In 2011, Morocco and Jordan applied to join the GCC. Western analysts originally attributed its foundation to security concerns, which have always plagued the Gulf monarchies, but the founding charter focused more on issues of social and cultural cohesion, environmental and scientific coordination and economic cooperation. It has also been pivotal for enhancing the engagement between Kuwait: Sheikh Nawaf al-Sabah sworn in as new emir, Washington lobbyists continue to cash in on dispute between Qatar and UAE. Today the force has about 40,000 troops, of which around 10 percent were deployed to Bahrain in 2011. Kuwait, Oman and Qatar refused to intervene. over the last 12 months. The Gulf Cooperation Council (GCC) is a regional political organisation comprising the energy rich Gulf monarchies – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Following decades of exceedingly close security ties with the US, in recent years the GCC has been striving to shore up its own defences, resulting in a massive jump in arms spending, which is projected to rise by 20 percent to $83bn by next year. respectively. commitment to community and purpose. Rifts occurred back in 2011, when Saudi Arabia and the United Arab Emirates sent troops to suppress protests in Bahrain. strengthened by each GCC country's adoption of nationwide digital translating the power of technology into realizable business
The demand for hotels will get a boost as sports tourists visit the region. Only England And Wales jurisdiction apply in all legal matters.
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