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