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Gulf Cooperation Council and Africa's Economic Diversification and Emerging Non-Oil Growth Opportunities
Green Energy Transition, Manufacturing Localization, and an Innovation-driven Digital Economy to Stimulate the Non-Oil Economy through 2030
During the past decade, policy tied to diversification into the non-oil economy has taken center stage as GCC and African oil and gas exporters prioritize expansion of the non-oil economies through their long-term vision plans. Despite challenging global economic conditions, several GCC and African countries are accelerating their pace of economic diversification by undertaking an amalgamation of socioeconomic, business, trade, and technological initiatives. These are indicative of the regions’ long-term growth prospects across industries, including infrastructure, green energy, logistics, and tourism. Structural reforms and transformative shifts will also help to build economic resilience and contribute toward the growth of these economies in a post-hydrocarbon future.
This macroeconomic thought leadership provides megatrends and thematic analysis for diversification trajectories of key GCC and African economies such as Bahrain, Saudi Arabia, Kuwait, Oman, the United Arab Emirates, Angola, Algeria, Egypt, Gabon, Ghana, Nigeria, and the Republic of Congo. Decision-makers can utilize country-specific insights about the evolution of megatrends related to diversification away from oil and identify industries that are emerging as investment hotspots in the non-oil sectors.
Key Features
Key topic areas covered in this research include the following:
- Future beyond oil: GCC & Africa
- Megatrends shaping the beyond-oil diversification movement
- Vision plans supporting a diversification agenda
- Focus areas emerging from diversification
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Gulf Cooperation Council (GCC) and African Countries
Growth Opportunities Fuel the Growth Pipeline Engine™
GCC and Africa’s Economic Environment: An Overview
Key Economic Metrics: Select GCC and African Oil and Gas Exporting Nations
Growth Drivers: Select GCC and African Oil and Gas Exporting Nations
Growth Restraints: Select GCC and African Oil and Gas Exporting Nations
Need for Economic Diversification in Oil and Gas Economies
Dimensions of Economic Diversification
Dimensions of Economic Diversification (continued)
1: Agriculture and Extractive Industries1 to Drive Growth
2: High Value-added Manufacturing and Services Growth to Dominate
3: Public–Private Partnerships (PPPs) to Cement Domestic Capabilities
4: Solar, Wind, and Green Hydrogen to Lead the Clean Energy Choices
Vision Plan Benchmarking: Select Economies
Vision Plan Benchmarking: Select Economies (continued)
Rapid Green Energy Transition
Rapid Green Energy Transition: Country Benchmarking Analysis
Expansion of Catalytic Infrastructure
Expansion of Catalytic Infrastructure: Country Benchmarking Analysis
Socioeconomic Upliftment
Socioeconomic Upliftment: Country Benchmarking Analysis
Building Soft Power1 Influence
Building Soft Power Influence: Country Benchmarking Analysis
Growth Opportunity 1: Tourism and Allied Sectors
Growth Opportunity 1: Tourism and Allied Sectors (continued)
Growth Opportunity 2: Heavy-weight Industries1
Growth Opportunity 2: Heavy-weight Industries (continued)
Growth Opportunity 3: Digital Transformation
Growth Opportunity 3: Digital Transformation (continued)
Growth Opportunity 4: Agriculture, Aquaculture, and Allied Sectors
Growth Opportunity 4: Agriculture, Aquaculture, and Allied Sectors (continued)
Growth Opportunity 5: Renewables and Unconventional Fossil Fuel Industries
Growth Opportunity 5: Renewables and Unconventional Fossil Fuel Industries (continued)
Appendix
Appendix (continued)
Appendix (continued)
Appendix (continued)
List of Exhibits
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