Tag Archives: Middle East CEOs confident about regional economic growth in 2023

Middle East CEOs confident about regional economic growth in 2023

Middle East CEOs confident about regional economic growth in 2023, latest PwC CEO survey finds

  • Confidence: 61% of Middle East CEOs expect regional economic growth to improve in 2023 and are ‘very confident’ about prospects for business revenue growth over the next three years
  • Transformation: Over half of regional CEOs (58%) are transforming their businesses by diversifying their products and services. They are also continuing to invest and do deals reflecting a continued momentum in capital market activity, especially within KSA and UAE
  • Digitalisation and upskilling: Two-thirds of regional CEOs see technological disruption as a leading issue, with 84% of regional CEOs expecting to invest in automation, artificial intelligence, cloud technology in 2023 and 74% to invest in upskilling their workforce
  • Acting on climate change: Almost 50% of Middle East CEOs have either taken steps to mitigate climate risk or are in the process of doing so
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