Connect with us

Business Insights

Gulf countries projected for significant GDP boost through green growth strategy

Gulf Investment Report emphasizes the potential of a GDP boost through green investments.

Gulf Investment Report emphasizes the potential of a GDP boost through green investments.

A research report, the “Gulf Investment Report 2023,” published by Century International Holdings Ltd during the ongoing World Investment Forum 2023 in Abu Dhabi, has shed light on the potential for substantial economic growth in the Gulf region. Here are the key findings from the report:

Green Growth Potential

The report suggests that Gulf countries have the opportunity to experience a remarkable $13 trillion boost in their Gross Domestic Product (GDP) by embracing a green growth strategy. 

This strategy involves transitioning to more sustainable and environmentally friendly economic practices.

Doubling of GDP

According to the report’s projections, the combined GDP of Gulf countries, which is currently estimated at $6 trillion, could more than double, reaching $13 trillion by the year 2050. 

This significant growth would be a result of the implementation of policies and investments aimed at fostering green and sustainable economic development.

The findings of this report emphasize the potential economic benefits that come with adopting eco-friendly practices and strategies. 

By doing so, Gulf countries could not only experience substantial economic growth but also contribute to a more sustainable and environmentally responsible future.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending