Gulf Cooperation Council (GCC) countries have shown a strong business environment in recent years, according to the Economist Intelligence Unit (EIU) and World Bank reports released this year. The analysis conducted by Asia Investment explained that the assessment was mainly based on the large fiscal surplus recorded by the Gulf countries, as they remain major producers of oil and its derivatives, and thanks to the high prices of these commodities, the fiscal surplus of these countries continues to rise.
Gulf countries are expected to maintain a strong business environment in recent years, according to the Economist Intelligence Unit (EIU) and World Bank reports released this year. The GCC countries are expected to maintain this position between 2014 and 2018. This will be supported by the large infrastructure investments planned after Dubai won the World Expo 2020 and Qatar won the World Cup in 2022. The World Expo is expected to attract more than 25 million people from around the world and bring nearly $23 billion in investment to Dubai.
World Expo 2020 is expected to attract more than 25 million people from around the world. <On the contrary, some Gulf countries such as Bahrain and Saudi Arabia did not receive high rankings due to political instability. <The World Bank's annual »Doing Business« report, which measures the business environment in economies, is similar in its rankings to the Economist Intelligence Unit report, but differs in the ranking of the Gulf countries. Asian countries dominated the top ranks, occupying five of the top ten spots, with Singapore and Hong Kong topping the rankings, followed by Malaysia in sixth place and Korea in seventh.
