Mubasher TV
Contact Us Advertising   العربية

GCC non-oil sectors continue rise despite challenges – report

GCC non-oil sectors continue rise despite challenges – report
Photo Archive

Mubasher: GCC non-oil sectors will likely continue rising despite challenges and pressures, said Crescent Petroleum Co. in its weekly report.

It added that the economic strategies and plans of GCC region focus on the private sector through boosting production, away from the direct government support.

The current time is suitable for testing the private sector's capabilities, especially as the governments are still able to continue spending on the comprehensive development.

Accordingly, merging the capabilities of government and private sector will lead to positive results in a short period, the report added.

Qatar's non-oil sectors are expected to grow by more than 10%, boosted by construction and services sectors.

The UAE's non-oil sectors also recorded robust growth in the first nine months of 2015, fuelled by the industrial, tourism and services sectors. The contribution of non-oil sectors to GDP reached 44%.