GCC Economies Climb Global Competitiveness Rankings Amid Diversification Efforts
The Gulf Cooperation Council (GCC) countries are making significant strides in global competitiveness as they diversify their economies beyond oil. The UAE, Qatar, Saudi Arabia, Bahrain, Oman, and Kuwait have improved their rankings in the 2026 IMD World Competitiveness Ranking, with the UAE leading the region at fifth globally. These countries are enhancing their trade, infrastructure, labor markets, and government efficiency to build a more resilient economic model. The shift from a resource-based economy to one focused on institutional quality, business efficiency, and infrastructure is evident in their improved rankings. The GCC's progress reflects a broader economic transformation aimed at creating a sustainable and diversified economic ecosystem. 
