Dubai, Jan 12 — The Middle East is on track to attracting more than $100 billion (Dh370b) annually in strategic capital expenditure by 2026, spread across oil and gas, renewable energy, healthcare, digital infrastructure and manufacturing, according to a comprehensive industry outlook by Grand View Research (GVR).

Despite the global energy transition, the region – led by the United Arab Emirates and Saudi Arabia – is expected to maintain leadership in hydrocarbon supply while rapidly scaling wind, solar, battery storage and digital transformation initiatives.