GCC-India reinventing ties

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Regional Views

GCC-India synergies going tech

Modern relations between India and the MENA region are fundamentally tied to energy, trade and a significant Indian diaspora. However, rapidly evolving dynamics have presented a much wider set of opportunities, including fresh prospects for bilateral strategic and foreign direct investments. This week we discuss emerging opportunities within India’s technology start-up environment and the growing interest from GCC investors. Given historical bilateral trade ties, we expect the UAE to take the lead in this new synergy, particularly in light of its new secular and growth-friendly reforms. In addition, Expo 2020 Dubai is set to open doors for more innovative investments. 

With regional governments increasingly embracing diversification and expediting private capital into overseas projects, we expect Indian start-ups to be among the key beneficiaries. Among the catalysts facilitating investor appetite in India is the country’s advanced digital transformation, alongside its large market size and low overhead costs. We can already see GCC sovereign wealth funds eyeing India as a long-term investment destination, with portfolio strategy shifting from traditional energy and infrastructure to technology and financial services start-ups. This is crucial for the GCC diversification story, as well as for increased Indian economic activity in the region. 

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