MEcon | January 2026 Edition
This report provides January's updates and analysis on key topics and valuable regional insights across the Middle East, focusing on the Saudi Arabia, United Arab Emirates, and Qatar markets.
Saudi Arabia
Saudi Arabia’s real GDP grew 4.5% YoY in 2025, driven by strong sector performance. The IMF has raised its 2026 growth forecast for the Kingdom by 5 pp to 4.5%. Meanwhile, building on this momentum, KSA is prioritising quality of life as a key driver of sustainable growth.
UAE
The UAE’s non-oil economy grew steadily in late 2025 despite rising input costs. The World Bank forecasts robust growth of 5.0% in 2026 and 5.1% in 2027, outpacing expectations for the wider Gulf region. Key drivers include Dubai Silicon Oasis’s AED 12.8 Bn tech expansion, Abu Dhabi’s new sovereign wealth fund, and green bond financing for the Al Dhafra Solar Plant.
Qatar
Qatar is strengthening its competitive tourism ecosystem in line with Vision 2030. International visitors rose 3.7% YoY to 5.1 Mn in 2025, supported by the Hayya e-visa platform and a strong calendar of events. Doha’s designation as GCC Tourism Capital for 2026 underscores Qatar’s growing regional tourism influence.
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