The World Bank anticipates the region’s GDP to triple to $6 trillion by 2050, but it could grow to $13 trillion. REGIONAL GROWTH DRIVERS ARE:GROSS DOMESTIC PRODUCT (GDP)The region’s GDP is substantial. The GCC expects 3.6% growth in 2024, with the World Bank anticipating GDP will triple by 2050. GREEN GROWTHThe GCC countries are pursuing ambitious targets for achieving renewable resources for electricity generation. The UN World projects growth to peak at 68 million by 2048.

Source: The North Africa Journal August 09, 2024 00:42 UTC