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Why The Gulf States Need To Keep Building Big Dumb Mega Projects

Economics Explained

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The UAE, Qatar and Saudi Arabia Get a 5 Out of 10

The UAE has a GDP of 358 billion dollars giving it a 6 out of 10. Qatar and Saudi Arabia get a 3 out of 10 but the story is slightly more positive for the UAE which gets a 5out of 10. Growth has not been as spectacular as you might expect despite huge stimulus measures and oil reserves. The success of their plan to attract businesses is going to ride primarily on people believing they are a safe stable place to live and work. Tourism is a great little bonus and regular service businesses are making themselves at home, but all of that still ultimately depends on the oil industry for now.

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