Driving Regional Industrial Expansion through Innovation thumbnail

Driving Regional Industrial Expansion through Innovation

Published Aug 27, 26
4 min read


El Houni asked the speakers to share what keeps them "on-point" at work and what suggestions they have for the audience. Hamad Al Hajri, CEO and Creator of Snoonu said it was "crucial to develop boundaries" between work and individual life and take short vacations to "disconnect" from the office.

Tariq Bin Hendi, CEO and Board Member of Astra tech, reacted that "the very best suggestions is to constantly challenge yourself" while likewise ensuring a healthy sleep and workout routine. Mohamed Khadiri, CEO of Bank of Sharjah mentioned that to excel and "to be near your customer, you need to be enthusiastic about your work and understand consumers' needs". Karim Benkirane, CCO of Du, stated: "If you make individuals you deal with happy, you will make the client delighted, who will then make the shareholders happy."Ambareen Musa, CEO for Revolut GCC, said the capability to "not worry" is the essential to finding an option for problems.

Today, we're convening more than 3000 meetings in between financiers and 119 Gulf-listed companies with a combined value of $2.4 trillion at the HSBC GCC Exchanges Conference 2026, in London. We're bringing together financiers, companies, exchanges, and policymakers to discuss what is changing in the area, and what comes next, consisting of the growth and ongoing advancement of the Gulf's capital markets, and the region's growing role in global networks of capital and trade.

Saudi Arabia and UAE are poised to lead the Gulf region's financial expansion in 2026, supported by strong private-sector efficiency, resilient domestic demand and renewed financial investment momentum, according to the most recent ICAEW Economic Insight Q4 2025 report, produced by Oxford Economics. The GCC is expected to outperform most worldwide areas peers next year, with local GDP projection to grow by 4.4%. Across the GCC, non-energy activity is forecasted to broaden by 4.1% in 2026, driven by strong labour markets, improving credit conditions and increasing investment in technology and AI-related infrastructure.

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Key Tips for Operational Excellence in Dubai

Although oil revenues will be under pressure in the very first half of 2026, production is expected to rise again in the second half of 2026, supporting the area's medium-term outlook, it stated. Saudi Arabia will stay a significant factor to GCC momentum, with GDP forecast to grow 4.3% in 2026.

Development will be supported by commercial expansion and policy reforms, consisting of eased foreign ownership guidelines that aim to stimulate additional investment. The fiscal deficit is forecasted to broaden to 5.6% of GDP next year amidst softer oil rates, while the recent five-year lease freeze in Riyadh aims to reduce inflationary pressures, though it might constrain future real estate supply.

Strong domestic fundamentalsThe UAE is also positioned for another strong year of performance, with GDP forecast to increase 5.6% in 2026 as non-oil sectors continue to expand. Tourism, trade and financial services remain essential growth chauffeurs, supported by population development and continual domestic need. Dubai's economy grew 4.4% in the first half of 2025, reflecting broad-based non-oil strength.

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Oil production is anticipated to get once again in the 2nd half of 2026, matching continuous financial investment in infrastructure, innovation and worldwide trade partnerships. Hanadi Khalife, the Head of Middle East, ICAEW, said: "This quarter's outlook strengthens how far the GCC has come in building diverse, resistant and worldwide competitive economies.

Scott Livermore, ICAEW Economic Advisor, and Chief Economic Expert and Managing Director, Oxford Economics Middle East, stated: "Saudi Arabia and the UAE are going into 2026 with strong structures. Saudi non-oil activity is gaining rate, supported by robust need and increasing financial investment, even as fiscal pressures increase.""The UAE continues to take advantage of solid domestic basics, a sharp uplift in government costs and continual diversity efforts.

How to Scale Regional Strategy in 2026

GCC nations are pivoting towards a technique of 'durability over growth' going into 2026, as the area gets ready for a worldwide landscape defined by softer oil prices, geopolitical fragmentation, and the rapid shift to an AI-enabled economy. According to a brand-new regional outlook by PwC, the GCC is transferring to insulate its growth from external shocks by deepening international trade integration, protecting commercial supply chains, and executing a decisive shift from technology ambition to operational application.

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Settlements for Free Trade Agreements with China, the EU, and Japan are advancing, while talks with the UK have actually entered final preparing stages. The area is increasingly positioning itself as a central center for east-west trade through the IndiaMiddle EastEurope Economic Corridor (IMEC). To support domestic manufacturing, protecting vital minerals has become a strategic concern.

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