August 2016 | 4 min read
Prosperity beyond oil
The Middle East has experienced rapid growth and wealth creation in recent decades due to energy exports. While the region has navigated the cyclical ups and downs of energy prices in the past, never before has the supremacy of crude oil as the world’s main energy source been as challenged as today.
This calls the prevailing growth model into question, requiring reforms to ensure sustainable growth in the future. This report explores key challenges and opportunities confronting the Middle East.
We find that the region, to a considerable degree, has the capability to shape a promising future.
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