GCC family philanthropies could maximize the impact of their charitable giving and create a legacy of philanthropy around their family by adopting a more modern approach like leading global family-owned philanthropic institutions. To do so, they will need to institutionalize their philanthropic involvement, introduce innovative financing tools, and implement impact measurement.
The governments of the Gulf Cooperation Council (GCC) states have decided to change their economic development model. The state-led approach which relied upon natural resources successfully raised incomes from developing...
For quality learning to take place at the primary and secondary school levels, countries need to have robust protection frameworks for children. Children, society’s most vulnerable members, need to...
Executives in the GCC are excited by digital. They recognize its benefits, such as stronger customer orientation and increased efficiency.
The countries of the Gulf Cooperation Council recognize the urgent need to diversify their economies away from dependence on oil and gas. As diversification is complex, they should keep in mind three key principles: upgrading local enterprises to be world-class, leapfrogging to advanced digitization, and building a skilled labor force.
The security of barriers is based not just on keeping people out, but on watching people who come in. For further insights, read “Safety in the Cloud.”
The telecommunications industry has enabled its business customers to digitize their activities, but has lagged in its own efforts to move in the same direction. If telecom operators are to catch up, they must radically lower their networking costs, simplify their product offerings, and devise better customer experiences. Then they must settle on their digital strategy and develop a much wider range of digital services. Finally, they need to engage more fully in the ongoing consolidation of their industry.
Political stability and safety are prerequisites for tourism, which is why countries must make plans to recover their reputations after incidents of political unrest. Countries need crisis management and perception management. Once a negative event occurs, countries should incentivize tourism, whether from domestic or international sources. Countries should also develop crisis-immune tourism products.
Telecom companies face increased competition and rising network costs, which are reducing their gross earnings. Instead of responding with cost-cutting, they should undertake a comprehensive product profitability and simplification exercise. At that point they can restructure market-facing and back-end operations and infrastructure, which will lay the foundations for improved profitability.
GCC family businesses can leverage a critical source of competitive advantage: the women of the family. Business leaders and governments should encourage the region’s high level of female education and training, the gradual growth in women’s labour participation and entrepreneurship, and women’s involvement in family firms’ governance and succession plans.
The digital revolution is questioning existing regulatory frameworks and forcing regulators to respond. Regulators have to grapple with these disruptive forces in a manner that will foster both innovation and fairness. The three key areas for regulators to look at, and that require a focus on digitization, are market efficiency, scarcity management, and safeguarding customer welfare.
Gulf Cooperation Council (GCC) countries can use public-private partnerships as a means of managing rising healthcare costs, as a mechanism to enhance the capabilities of the healthcare system, and as part of a program of systemic transformation of the sector.
A critical element missing in the discussion of changes in Arab countries is a generational perspective. This survey and study allows policymakers and business leaders to take advantage of this valuable generational approach to framing social, economic, and employment policy.
Bringing the GCC’s education system in line with the needs of the employment market requires governments to engage numerous stakeholders including local authorities, schools, and the private sector. However, governments must also include students themselves, a group often overlooked in the reform process.
Sustainable development is critical for the MENA region’s long-term prosperity and stability. Companies can play a key role in this effort by contributing to the broader improvement of their societies through corporate social responsibility initiatives that align with national development objectives.
Innovation is the key to building a resilient economy. It encourages enterprise, which in turn contributes to economic growth. In developed countries, strong innovation cultures foster an environment that takes ideas from creative spark to commercial launch.
With the GCC set to spend billions of dollars on development projects, public-private partnerships (PPPs) offer a useful financing and development mechanism. However, to derive the full benefit from PPPs, GCC states will need to adopt a customized approach.
The middle class is often the catalyst for positive socioeconomic change in developing countries. In the MENA region, there is a dire need for change, which can be effected via a set of economic, social, and political policies aimed at developing a large, dynamic, and sustainable middle class.
A Strategy& survey of young people in Qatar, Saudi Arabia, and the United Arab Emirates shows that a universal, all-encompassing effort in five areas — education, employment, the gender gap, leisure, and community service — is needed to ensure that the countries of the GCC reap their demographic dividend.