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To reverse a decade of deteriorating overall aspect efficiency, regional labour market policy is moving from basic task creation to managing active workforce shifts. Federal governments and companies are scaling short, modular training programmes and micro-credentials in data analytics and digital operations to equip workers for emerging roles. Workplace-based learning and apprenticeship-style pathways are becoming more common as companies incorporate AI tools into daily workflows.
With oil prices forecasted to average $55-60 per barrel in 2026, regional federal governments are intensifying their focus on expense discipline and personal capital mobilisation. Fiscal policy is rotating towards the monetisation of state-owned possessions in logistics, utilities, and desalination to redirect funds towards higher-impact investments. While borrowing through sukuk and sustainability-linked bonds is anticipated to increase to fund strategic deficits, the focus stays on strengthening non-oil revenue structures.
PwC Middle East economic policy and technique partner Jing Teow said: "Having currently mobilised capital and policy at scale, GCC governments are now focused on delivery. In 2026, the top priority is reinforcing economic resilience through more safe and secure trade and financial investment relationships, efficient AI implementation, handled labor force transitions and disciplined financial policy in a more difficult and fragmented international environment.".

Saudi Arabia and UAE are poised to lead the Gulf area's financial growth in 2026, supported by strong private-sector efficiency, resistant domestic need and restored financial investment momentum, according to the current ICAEW Economic Insight Q4 2025 report, produced by Oxford Economics. The GCC is anticipated to outshine most worldwide regions peers next year, with local GDP projection to grow by 4.4%. Across the GCC, non-energy activity is projected to broaden by 4.1% in 2026, driven by strong labour markets, improving credit conditions and increasing financial investment in technology and AI-related facilities.
Oil profits will be under pressure in the very first half of 2026, production is anticipated to increase again in the 2nd half of 2026, supporting the area's medium-term outlook, it stated. Saudi Arabia will remain a major contributor to GCC momentum, with GDP forecast to grow 4.3% in 2026.

Growth will be supported by commercial growth and policy reforms, including eased foreign ownership guidelines that intend to stimulate further financial investment. The fiscal deficit is forecasted to widen to 5.6% of GDP next year amid softer oil prices, while the current five-year rent freeze in Riyadh intends to reduce inflationary pressures, though it might constrain future housing supply.
Strong domestic fundamentalsThe UAE is also positioned for another strong year of efficiency, with GDP projection to increase 5.6% in 2026 as non-oil sectors continue to broaden. Tourism, trade and financial services stay crucial development drivers, supported by population growth and continual domestic demand. Dubai's economy grew 4.4% in the first half of 2025, reflecting broad-based non-oil strength.

Oil production is anticipated to get once again in the 2nd half of 2026, complementing continuous financial investment in infrastructure, technology and worldwide trade partnerships. Hanadi Khalife, the Head of Middle East, ICAEW, said: "This quarter's outlook strengthens how far the GCC has been available in structure varied, durable and worldwide competitive economies.
Achieving Process Excellence in Dubai's Industrial SectorScott Livermore, ICAEW Economic Advisor, and Chief Economic Expert and Managing Director, Oxford Economics Middle East, said: "Saudi Arabia and the UAE are going into 2026 with strong structures. Saudi non-oil activity is gaining rate, supported by robust demand and rising investment, even as financial pressures increase.""The UAE continues to benefit from solid domestic principles, a sharp uplift in government spending and sustained diversification efforts.
Achieving Process Excellence in Dubai's Industrial SectorWhat identifies 2026 from preceding years is not merely the velocity of technological modification, though that acceleration is real, but rather a fundamental shift in how business envisage their GCCs' purpose. The is expected to grow to four hundred thirteen billion dollars by 2040, however this growth masks a more profound change.
Rather, they ask whether these centers drive innovation, own profit-and-loss obligation, and add to competitive distinction. In 2026, the most effective GCCs will act like internal start-ups, agile, cross-functional, insight-driven, and deeply aligned with international organization outcomes. This shift from execution to ownership represents perhaps the single most considerable tactical recalibration in the GCC design's advancement.
Today, we're convening more than 3000 meetings between financiers and 119 Gulf-listed companies with a combined worth of $2.4 trillion at the HSBC GCC Exchanges Conference 2026, in London. We're uniting financiers, companies, exchanges, and policymakers to discuss what is altering in the region, and what follows, including the expansion and continuous advancement of the Gulf's capital markets, and the region's growing role in international networks of capital and trade.
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