• Encouraging industrial innovation has bolstered recent efforts to diversify the economies of the Gulf Cooperation Council (GCC) region, say local business leaders.
  • They believe greater support for manufacturing, export and logistics industries, will help develop more resilient, knowledge-based economies.
  • Such support has seen national and international organisations co-operate to train local talent and offer finance to growing businesses in the region.

If economic diversification is the linchpin of future growth in the Gulf Cooperation Council (GCC) region, then industrialisation is the blueprint. This conviction is guiding national strategies in the GCC with increasing force, as governments in the region aspire to develop resilient, knowledge-based economies.

In the last quarter alone, the United Arab Emirates announced plans to increase its industrial revenues to $81bn over the next…

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