23 Hrs
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لبنان ٢٤
Gulf nations reshape regional map Lebanon's investment prospects
The article focuses on the economic and Gulf regional shifts in the Middle East, where Gulf Cooperation Council countries have transformed into economic and investment powers competing to establish long-term influence through projects in ports, energy, technology, and tourism. This occurs in the context of a regional reorganization after years of wars and crises. Saudi Arabia, with its new strategy for Vision 2030, aims to attract investments exceeding 3.4 trillion Saudi riyals and to invest around 750 billion riyals domestically between 2021 and 2025, transforming the kingdom into a hub for foreign capital. The United Arab Emirates relies on an economic model that serves trade, services, and logistics. Lebanon and the UAE signed a memorandum to enhance trade and investment cooperation, while Qatar seeks a diplomatic and investment role through the "Doha Investment" platform. Lebanon is aiming to shift from dependence on aid to attracting Gulf investments, with potential in tourism, trade, and energy, but faces financial challenges and necessary reforms to attract capital.
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