Why megaprojects are vital for the future of UAE, Saudi Arabia : US Pioneer Global VC DIFCHQ Riyadh UAE-Singapore Norway Swiss Our Mind

Megaprojects grab headlines, but there’s a real long-term economic benefit too

For many years, the UAE and Saudi Arabia have been focusing on ways to diversify their wealth away from oil, creating new sources of revenue to boost the Gulf economies.

It’s not an easy task though. While the Gulf countries are oil-rich, workable arable land and water needed for it to flourish are scarce, so creating non-oil revenue from natural resources is an epic challenge.

https://www.arabianbusiness.com/opinion/why-megaprojects-are-vital-for-the-future-of-uae-saudi-arabia