Private sector development has been a key theme among the various
recently launched visions of the six member states of the GCC. Though these
countries have not been able to diversify their economies and still heavily
rely on oil revenues, some noteworthy progress has been made toward expanding the role
of the private sector. From boosting SMEs, to privatization, to public-private
partnerships, this installment of Gulf
Affairs investigates recent private sector development
trends in the GCC.