This commentary was published in The Jordan Times on 31/05/2011
Given the upheavals occurring across the Middle East, with some of the most difficult situations right on their doorsteps, it might be seen as remarkable that business leaders in the Kingdom of Saudi Arabia (KSA), the United Arab Emirates (UAE) and Qatar demonstrate high levels of satisfaction with the current economic environment in their countries and optimism about the future.
This is one of the findings of the most recent business confidence survey conducted by Zogby International (ZI) and Oliver Wyman among executives in these three Arab Gulf countries.
What we find in May 2011 is that six in ten executives say business conditions have improved in the past year, and an even higher percentage (65 per cent in UAE, 81 per cent in KSA, and 92 per cent in Qatar) expect conditions to get even better in the next two years. While about a third of the business leaders express concern with political unrest in the broader region, less than one in seven are concerned that such unrest will affect economic conditions in the three countries covered in the survey.