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Thu 5 Jul 2018 12:14 PM

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Video: UAE, Saudi execs predict economic growth for year ahead - new report

Middle East finance executives report substantial confidence in economic growth prospects for the year ahead, according to the 2018 Global Business and Spending Outlook survey by American Express Middle East.

More than 90 percent of respondents in the region anticipate modest to substantial economic expansion in their country, which measures above with the worldwide trend (85 percent).

This confidence is reflected in regional corporate spending plans: three quarters of the region’s finance executives (74 percent) plan to increase investment levels by six percent or more for the year ahead.

The findings place the UAE and Saudi in the top tier of global investors. The five countries with the highest investment growth in the world are: China (90 percent), Japan (87 percent), the UAE (84 percent), Saudi Arabia (83 percent) and Russia (80 percent).

In this edition of Inside AB, Jeremy Lawrence runs through the numbers with Saud Swar, vice president commercial business and head of UAE, American Express Middle East, to find out exactly what the region’s top finance executives are planning for the year ahead.

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(Source: Arabianbusiness.com YouTube channel)