Saudi Press

Saudi Arabia and the world
Thursday, Feb 06, 2025

0:00
0:00

SRMG Think Hosts High-Level Discussion on IMF's Latest GCC Economic Report in Riyadh

Senior policymakers, economic experts, and private sector leaders gather to review IMF's economic outlook for the GCC amid geopolitical challenges.
SRMG Think hosted a high-level discussion in Riyadh focusing on the International Monetary Fund’s (IMF) latest report on the Gulf Cooperation Council (GCC).

The event, titled 'Gulf Cooperation Council — Pursuing Visions Amid Geopolitical Turbulence — Economic Prospects and Policy Priorities for the GCC Countries,' brought together senior policymakers, diplomats, economic experts, and private sector leaders.

The discussion covered the region's economic resilience, growth in non-hydrocarbon sectors, ongoing reforms, and policy priorities for the medium term.

Attendees also examined risks to the economic outlook and the role of the private sector in long-term transformation.Amine Mati, Assistant Director and Head of the GCC Division at the IMF, highlighted Saudi Arabia’s significant reform progress, noting robust domestic demand, strong non-oil growth, and advancements in research and development (R&D).

Mati emphasized Saudi Arabia's position as a regional innovation hub, driven by fiscal reforms and a skilled workforce.

He also pointed out that the Kingdom's non-oil revenue had doubled in the past five years, with fiscal and external buffers remaining strong.Nedaa Almubarak, Managing Director of SRMG Think, underscored the importance of data-driven discussions in shaping economic policies.

She highlighted the commitment to facilitating high-impact dialogues among policymakers, experts, and industry leaders to navigate the region’s economic challenges.The discussion was moderated by Hazar Caracalla, Senior Policy Advisor at SRMG Think, and featured a presentation by Balazs Csonto, Deputy Director of the IMF Regional Office in Riyadh.

Csonto outlined key findings from the report, recent economic developments in the GCC, and strategies to mitigate risks to the region's economic outlook.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Israel to Snub UN Human Rights Council due to Allegations of Anti-Semitism
EU Declares Gaza Essential to Future Palestinian State in Light of Trump Proposal
Iranian Currency Reaches All-Time Low Amid US 'Maximum Pressure' Strategy
Trump's Suggestion to 'Seize Control' of Gaza Signifies a Significant Shift in US Policy
Chalhoub Group Expands Saudi Operations with New Fulfillment Hub and Luxury Store
Panda Retail to Open Over 20 New Stores in Saudi Arabia in 2025
Saudi Arabia’s Retail Market Driven by Youth, Digital Growth, and Evolving Consumer Preferences
Apparel Group Expands Presence in Saudi Arabia’s Retail Sector
Saudi Venture Capital Co. Commits $1bn to Boost Kingdom's VC Ecosystem
Riyadh Airport Set for Major Retail Expansion to Enhance Passenger Experience
Oil Prices Decline Amid Rising US Crude Inventories and Trade Tensions
UAE's Non-Oil Private Sector Maintains Robust Growth in January
RASM Explores International Partnerships to Strengthen Saudi Real Estate Market Position
Middle East Sees 52% Surge in M&A Activity, Reaching $29 Billion in 2024
Azad Properties and NHC Collaborate on Souq7 Riyadh Development
GCC Grocery Retailers Embrace Value-Led Strategies Amid Intensifying Competition
Al Hilal Reclaims Top Spot in AFC Champions League Elite with 4-1 Win Over Persepolis
SRMG Think Hosts High-Level Discussion on IMF's Latest GCC Economic Report in Riyadh
PetroRent Joint Venture Set to Transform Car Rental and Leasing Services in Saudi Arabia
Naif Alrajhi Investment Launches Saudi Arabia’s First International Media Representation Services Company
Takamol Holding to Present Technological Solutions at LEAP 2025 in Riyadh
Trump Suggests U.S. 'Takeover' of Gaza, Prompting Global Concerns
Trump Administration Preparing Executive Order to Abolish Department of Education
Trump's Gaza Plan Provokes Global Debate
Seven Saudi Hospitals Rank Among World's Top 250 for 2025
Saudi Arabia Reaffirms Commitment to Palestinian Statehood, Rejects Political Bargaining
Saudi Arabia to Showcase 'The Um Slaim School' at Venice Architecture Biennale 2025
Two Arrested in Dammam After Smuggling Attempt of 11 Million Drug Pills Foiled
Makkah Deputy Emir Inaugurates 179 Educational Projects in Makkah and Jeddah
Riyadh Season Hosts Mass Wedding for 300 Couples
Saudi Health Ministry Summons Individual for Spreading Misinformation on Ginger and Strokes
Jordan's King Abdullah and Saudi Crown Prince Discuss Regional Developments
President Trump Suggests Moving Gaza's Palestinian Residents
Saudi Fund for Development Signs $1.2 Billion Financing Deal with Pakistan for Oil Imports
Saudi Arabia Issues Penalties Against 18,838 Violators of Residency and Work Regulations
GACA Opens Domestic Market to Foreign Operators for Charter Flights
Saudi Cabinet Reaffirms Commitment to Palestinian Return and Reviews Key International Developments
CEDA Approves Conclusion of Financial Sustainability Program After Successful Reforms
President Trump Initiates Development of U.S. Sovereign Wealth Fund
Saudi Medical Team Arrives in Damascus to Provide Specialized Care
Saudi Crown Prince and UAE President Discuss Bilateral Relations and Regional Security
Saudi Arabia's Non-Oil Private Sector Sees Decade-High Growth in January
Saudi Arabia and India Strengthen Ties in Mining and Minerals Sector
Erdogan and Syria's Sharaa Converse on Collaboration Against Kurdish Militants
Trump Suggests U.S. Acquisition of Gaza Strip During Ongoing Conflict
Trump Reinstates 'Maximum Pressure' Strategy to Reduce Iran's Oil Exports
Syrian President Performs Umrah During Visit to Saudi Arabia
Saudi Arabia Plants 10,000 Mangroves Across Five Regions to Support Biodiversity
Jeddah to Host ‘Made in Pakistan’ Exhibition and Business Forum
Saudi Arabia Shortens Wage Protection File Submission Period
×