Frost Radar™ for Economic Development: Middle East, 2021

Frost Radar™ for Economic Development: Middle East, 2021

  • October 2021 •
  • 23 pages •
  • Report ID: 6186254 •
  • Format: PDF
The radar™ for Economic Development determines a region’s future growth and development potential by the region’s ability to enhance its citizens’ quality of life. This report explores the Middle East’s key strengths and weaknesses through country-level assessments of growth and innovation initiatives, benchmarking each country on these two indices.In 2021, the Middle East economy is gradually recovering from the pandemic due to the rebound in oil prices and timely government support. In the medium term, however, regional challenges pose downside risks to growth. The radar™ for Economic Development: Middle East, 2021 diagnoses significant challenges to the region’s growth environment, including persistently high unemployment rates and overreliance on fossil fuel exports. By measuring performance against the major pillars of Innovation in Education, Healthcare, Environment, Infrastructure, Citizen Centricity, and Security, the radar™ offers broad insights into the regional economic pulse and identifies key drivers, such as structural reforms, underpinning the region’s growth momentum.In this research, Frost & Sullivan indexes the top 10 economies in the Middle East to determine the factors that make them regional leaders. The radar™ intends to empower governments, policymakers, investors, and businesses to identify strategic imperatives for future growth.