ABU DHABI (The Thursday Times) — Companies across the Gulf Cooperation Council (GCC) are poised for growth, bolstered by solid demand, declining interest rates, and favourable economic policies driving consumption and investment. The resurgence of key industries such as telecommunications, utilities, and real estate highlights the region’s adaptability to evolving market dynamics.
Telecommunication companies in the GCC are reaping benefits from robust non-oil economic growth. Regional governments are championing digitalisation and integrating advanced technologies, presenting lucrative opportunities for industry expansion. Infrastructure investments continue to boost the telecom sector, aligning with national visions to build knowledge-based economies.
The housing market remains another key area of interest, supported by constrained property supply and elevated prices. Demand for residential units is expected to remain high into 2025, solidifying the real estate sector’s relevance in driving economic momentum.
Utilities embrace renewables for growth
GCC utilities are leveraging stable regulatory environments to expand renewable energy contributions. This shift aligns with global sustainability goals and regional governments’ push to diversify energy portfolios. Transparent frameworks are encouraging investments in solar and wind projects, ensuring the sector’s long-term viability amidst changing consumer preferences.
Oil firms remain resilient amidst volatility
National oil and gas companies in the GCC are navigating global market uncertainties with low-cost production strategies. While potential moderations in oil prices loom, these firms benefit from resilient operating models and robust business profiles, maintaining profitability in a fluctuating industry landscape.
In Sub-Saharan Africa, the outlook for 2025 is notably brighter following challenging economic conditions in recent years. Anticipated rate cuts and stabilisation of local currencies are expected to catalyse growth, particularly in telecommunications, real estate, and construction sectors. These industries are poised to capitalise on improved market conditions and increased investor confidence.
