The Top Five GCC Startups to Watch Out For
The Middle East has risen, in a short space of time, from a digital backwater to a region of immense tech promise. The Gulf Cooperation Council (GCC) sits atop its valued metrics. The GCC was formally established in 1981, and includes all the Arab nations of the Persian Gulf except Iraq: Saudi Arabia, Kuwait, Bahrain, Qatar, the UAE and Oman.
The region’s total population is a little over 53m–over half of whom are non-national migrants, making the GCC a uniquely diverse and fragmented proving ground for tech companies.
They are also countries with huge sovereign wealth thanks to abundance natural resources – and each of their governments has played an increasing role attempting to diversify their economies before those resources vanish, or are made obsolete.