The total value of financial markets in the Gulf Cooperation Council (GCC) reached $4.2 trillion by the end of 2024, according to new data from the GCC Statistical Centre (GCC-Stat). Despite a 4.4% drop from the previous year, the region’s financial index recorded a modest 0.7% growth, showing continued investor confidence.
This figure confirms the GCC’s place in global finance. At year-end, the region’s markets made up about 3.5% of total global capitalisation. While the year saw a decline in overall value, the index growth highlights the market’s resilience.
Modest Growth Reflects Market Stability
The composite index tracks the combined performance of financial markets in six GCC countries: Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman. The 0.7% increase suggests that the region is weathering global economic pressures better than expected.
Despite ongoing uncertainty in global markets, many sectors in the GCC—like energy, banking, and trade—showed steady interest from investors. The index growth also signals that reforms and investment strategies across the bloc are working.
Market Value Dips Amid Global Headwinds
The 4.4% fall in capitalisation reflects challenges such as geopolitical tension, inflation, and tighter global financial conditions. Experts note that some sectors experienced valuation corrections, affecting total market size.
Still, the GCC markets remain a stronghold for regional and global investors. Policymakers across the bloc are taking steps to deepen market integration and attract more foreign capital.
Looking Ahead
The GCC plans to boost its financial strength by improving access, using financial technology, and increasing investor transparency. Future reforms will focus on adding new investment tools and creating a more connected market across the region.
The report from GCC-Stat points to strong long-term potential. As Gulf countries push forward with economic transformation plans, their financial markets will be key to building sustainable growth.
