By James Zogby
Given the upheavals occurring across the Middle East, it might be seen as remarkable that business leaders in Saudi Arabia, the United Arab Emirates and Qatar report high levels of satisfaction in the economic environment in their countries and optimism about the future. This is despite the fact that some of the most difficult situations are right on their doorsteps.
This was one of the findings of a business confidence survey conducted by Zogby International and Oliver Wyman, querying 164 executives across these Gulf countries. Completed this month, this is the fourth in a series of biannual surveys measuring not only confidence but priorities for reform and satisfaction with government performance on a range of economic matters.
What we found is that six in 10 executives say business conditions have improved in the past year, and an even higher percentage (65 per cent in the UAE, 81 per cent in Saudi Arabia and 92 per cent in Qatar) expect conditions to get better in the next two years. While about a third expressed concern with political unrest in the broader region, less than one in seven were concerned that unrest would affect economic conditions in the three countries covered in the survey.
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James Zogby is the president of the Arab American Institute
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