Over next 10 years, GCC economies will spur investments in infrastructure, entertainment

There is “a lot of excitement” about the investment, entrepreneurship and restructuring in the GCC over the coming decade as countries open up and replace fossil fuels as the driver of economies, according to Swiss bank UBS.

UBS economists said in their Chief Investment Office (CIO) Year Ahead 2024 roundtable that governments are continuing to use oil money to invest in different sectors, and entrepreneurship had been energised with…