Attracting global investors
The GDP growth rate in the Middle East slowed down due to the significant decrease in oil prices, which adversely affected the revenues of oil dependent countries within the Middle East, especially the GCC. The impact at the revenue level needed to be counterbalanced by fiscal reforms, innovative strategy development and implementation, aimed at economic diversification.
Heavy investments are being made by GCC countries such as Saudi Arabia and United Arab Emirates to achieve their set strategies (KSA Vision 2030 and UAE Vision 2021) that will enhance their economic diversification. Major investments are being witnessed in infrastructure, which benefit key sectors including construction and logistics. Global investors are highly attracted by the federal investments made to wean the GCC economies off a dependence on oil and gas; some of the key initiatives witnessed in this regard include fiscal reforms, market liberalization, and support towards the growing private sectors.
Over the decades of CAMELOT’s extensive consulting experience, especially in the region, it has become evident that broad strategies, investments, and diversification tend to pose complex challenges and issues for the government, which will impact their ability to deliver effective and responsive services. CAMELOT has developed several studies for governments with recommendations and action plans at a national level.
Our services for the governmental sector include but are not limited to:
- Project management
- Strategy formulation and implementation
- Trade facilitation and trade environment assessment
- Special economic zones (including free zones and industrial clusters)
- Investment attraction strategies
- Global supply chain solutions
- Enhancing regional & international competitiveness
- Debureaucratization and efficiency refinement in the public sector