UAE CEOs more optimistic, outpace global counterparts in diversification and digital strategy, KPMG study reveals

UAE CEOs more optimistic, outpace global counterparts in diversification and digital strategy, KPMG study reveals

UAE CEOs remain optimistic about their business prospects than their global counterparts, with 60 per cent of them expecting earnings to increase 2.5 to 4.5 per cent annually over the next three years, which is more than twice the number of CEOs worldwide.

The findings are part of the latest findings of the KPMG 2022 CEO Outlook Survey, which polled 1,325 CEOs from 43 countries, including 25 from the UAE.

UAE CEOs are better placed than their global counterparts to respond to an economic crisis, with 68 per cent of local leaders diversifying their business compared to a mere 32 per cent of global CEOs, putting them ahead of their global counterparts by at least six months.

Nader Haffar, Chairman and CEO of KPMG Lower Gulf.

Nader Haffar, Chairman and CEO of KPMG Lower Gulf, said: “The UAE has one of the most diversified economies in the region, which has enabled it to withstand a number of challenges, right from the global pandemic to geopolitical uncertainly and macro-economic challenges. The government’s comprehensive diversification program for a knowledge-driven economy backed by technology and sustainable development has pivoted the nation forward. This year’s edition of the CEO Outlook survey shows that the UAE is set for