Economists say the Gulf countries will benefit from the non-oil sector as the Kovid crisis approaches. It is hoped that the economies of most countries, including Saudi Arabia, will improve.
Various economic agencies hope that the Gulf countries will quickly overcome the Kovid crisis and that the GCC countries will soon be back to normalcy. The IMF review report also confirms this. According to the IMF, growth in the non – oil sector, coupled with rising oil prices, will enable the Gulf economy to make a strong comeback. The latest survey conducted by MUGF indicates the same. According to the survey, economic diversification has further helped the Gulf states.
The UAE and Saudi Arabia will make the leap in the GCC. For the Gulf countries to go further in Kovid defense by vaccinating more people. . Domestic growth and investment in various sectors will support growth. However, the MUGF survey shows that some Gulf states are unlikely to return to normalcy overnight.
