Business and Economy
Individual initiatives are reshaping the map of new wealth in the Gulf, shifting from oil to data.
The Arab Gulf states are rapidly creating a new class of billionaires—not from oil, but from technology, fintech, gaming, AI, and digital platforms. Young entrepreneurs behind companies like Tabby, Talabat, and True Gamers are building multi-billion-dollar brands, backed by strong government support and global investors. With non-oil sectors now driving over 70 percent of GCC economies, the region is shifting toward innovation, attracting top talent, and significant technology investments. A huge generational wealth transfer—up to USD700 billion by 2035—is set to accelerate this transformation.
Read more