The Gulf’s private credit market remains at a nascent stage of development, relative to global peers, but a confluence of structural forces is accelerating its growth.
Governments across the GCC (Gulf Cooperation Council) are implementing ambitious economic diversification strategies—including Saudi Arabia’s Vision 2030, UAE 2031, and the Dubai Economic Agenda (D33)—with increased privatization and supporting the expansion of local SMEs being central to much of this growth.
