Factors Bolstering Gulf Economy Amid War
The economies of the Gulf countries have successfully absorbed the impact of Iran's war, which is considered one of the most serious geopolitical crises in the region in decades, with only limited slowdowns in economic growth. Oil remained central in supporting the economy despite efforts to diversify, and Saudi Arabia managed to export oil through alternative routes despite disruptions in the Strait of Hormuz. Sovereign funds supported governments such as the UAE, Qatar, and Kuwait. Additionally, domestic demand and sectors like tourism helped bolster resilience. Meanwhile, the region began outlining a future vision for the economy post-war, with plans to strengthen logistical alternatives and expand foreign investments.
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