The Gulf Cooperation Council (GCC) countries have the potential to become new engines of global economic growth. By capitalizing on the opportunities presented by national visions, project management offices (PMOs) can contribute to the transformation of the GCC’s economy and help shape a brighter, more sustainable future for the region and the world.
Our report examines how GCC countries can benefit from economic diversification and centralized PMOs to develop capabilities and collaborate across boundaries. It features an insightful interview with Almoatasim Alyaqoobi, Executive Director of the National Program for Economic Diversification (Tanweea) in Oman.
Highlights
- In 2022 alone, Dubai hosted 14.36 million international overnight visitors, a reflection of its appeal as a global tourism hotspot.
- DIFC, established in 2004, now teems with over 2,500 companies. In 2022, the financial sector’s vibrant pulse contributed 15% to Dubai’s GDP.
- Real estate transactions in Dubai touched a staggering AED 528 billion in 2022.
- The Global Innovation Index 2022 placed the UAE 31st globally, acknowledging its investments in tech hubs and its leadership’s forward-looking vision.
- The inauguration of the Noor Abu Dhabi solar plant, one of the world’s largest solar projects, underpins the UAE’s pledge to source 50% of its energy from clean avenues by 2050.
- Expo 2020 Dubai represented a major milestone in the development and diversification of the UAE, drawing nearly 25 million global patrons.
- Investment infusion and innovation advancement.
- Commercial enterprise and global supply chain management.
- Administrative governance and policy reforms.
Full report coming soon
Executive summary
Contact us
Additional contacts
Ramesh Shanmugam
Partner, Government and Public Services, Economic Growth
KPMG India
rameshs2@kpmg.com
Ahmad Al Otaibi
Associate Director
Portfolio, Programme and Project Management
KPMG Lower Gulf
aalotaibi2@kpmg.com
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