CEO’s in UAE expecting positive economic outcomes in the next 8 years

CEO’s in UAE expecting positive economic outcomes in the next 8 years

- Following the global trend of new geographies, Gulf executives will put less emphasis on diversification and M&A to focus more on new client segments.

- In the GCC, Healthcare (25%), Manufacturing (33%) and energy & utilities (33%) see the highest volume of reskilling endeavours in the workplace.

- Overall, there will be a moderate need employee reskilling for the telecommunications industry, travel and transportation and financial services.

Dubai, UAE – Despite current challenges, CEOs of the world’s largest companies are embracing the positive and seeing the opportunities in turmoil. Over two thirds of CEOs in the United Arab Emirates expect a stable or positive worldwide economic outlook over the next three to five years. Arthur D. Little (ADL), the leading management consultancy firm with the longest-standing presence in the Middle East region, elaborates on this and many other findings in their new 2023 CEO Insights study, which englobes insights from nearly 250 CEOs from companies worldwide with turnover of more than $1 billion.

Thomas Kuruvilla, Managing Partner, Arthur D. Little Middle East, said: “In the Middle East, we see good examples of an industry’s moves to improve both efficiency and innovation in the travel and transportation industry. The COVID crisis pushed airlines and