Harnessing natural resource endowment
Mena Economy
Strengths
- Diversified economy with only one quarter of GDP from oil and gas
- Scientific education producing as many engineers as the US
- Consuming class double the proportion of China
and Brazil
- Urban population twice the proportion of India
- Entrepreneurial tradition with vibrant startup community
- Strategic location at the crossroads of East and West
Challenges
- Macroeconomic stability to minimise inflation and currency risk
- Competitive business and regulatory environment reducing red tape
- Flexible labour market increasing participation and decreasing unemployment
- Well-functioning financial system recapitalising and reconnecting banks
- Attracting and deploying investment of $3.5 trillion
Mena Economy
Transitioning to a knowledge based economy
Nurturing internationally competitive industries
Expanding and modernizing infrastructure