Global Finance’s annual evaluation of the work of the world’s central bankers found some stellar performances, and some dismal ones. The toughest challenge for many: propping up falling prices.
Arabia is meeting with some success in its efforts to entice foreign investors to six new economic cities in the kingdom.
With the country’s oil revenue set to slide by about 30% this year, privatization is a largely untapped resource.
Regional wealth funds, free-trade zones and the Saudi Stock Exchange are expected to boost GCC economic growth and spur development—even if oil doesn’t cooperate.
GCC Regional Report 2015 | Special Economic Zones
Special economic zones are allowing GCC countries to diversify their economies away from oil and provide jobs to their citizenry.