Reviewing 2026 GCC Data for Future Growth

Affirming the growth of AI in the area, a report released by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the area utilizing it in their jobs over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are all set to deploy AI properly, well above the 76 percent global criteria, supported by the Kingdom's information governance environment, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the region appealing, including having more pragmatic laws to permit experimentation and growth," said the report.

Top business leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, financiers, and industry professionals participated in the first Global Service Online forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both regions count on each other for essential products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can take advantage of the altering patterns of international need and what function Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by serving as an information and research study centre, by providing organization paperwork, using legal services, helping with networking chances through signature organization occasions and providing practically every possible service service, it stated.

GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however sluggish somewhat. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.

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SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging regional investment landscape appears appealing.

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Reacting to a concern on regional startups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low expense of energy, a really progressive government that is ahead in policy, regulation and information personal privacy; and actually strong educational institutions that are increasingly looking at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, become an AI superpower.

Our most significant driver right now is investing in skill, since in the AI race, it's the technical talent that really wins.

"International development funds are coming in, which shows clear indications of maturity of the community The capability of the UAE and local governments to bring in skill; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "biggest ticket size" offers taped in 2025 in the country.