All of the Arabian Gulf’s economic visions emphasise opening up the economy to foreign direct investment as a way of improving performance. Usually, policymakers focus on the jobs directly created by the investment and the resulting knowledge transfer as the main benefits to the domestic economy.
But a new paper finds that existing domestic companies may also improve in response to the new source of competition.
Dr. Omar Al-Ubaydli, Acting Director of Research & Studies Directorate, Director of Energy & Economic Studies