Enhancing Fiscal Incentives for Sustainable Investment Growth in GCC Economies: A Comparative Analysis

Authors

DOI:

https://doi.org/10.31305/rrijm.2025.v10.n4.014

Keywords:

Fiscal incentives, sustainable growth, GCC economies, economic diversification, renewable energy

Abstract

This study investigates the role of fiscal incentives in fostering sustainable investment growth across Gulf Cooperation Council (GCC) economies, with geared towards on Qatar, the UAE, and Saudi Arabia. Through a mixed-methods approach combining qualitative policy analysis and quantitative data, the paper explores the effectiveness of tax reforms, public-private partnerships (PPPs), and diversification strategies in cutting down hydrocarbon dependency. Key findings highlight the UAE’s excellence in renewable energy investments, Qatar’s sovereign wealth-driven diversification, and Saudi Arabia’s Vision 2030 transformation. Challenges such as regional competition and oil price volatility are meticulously assessed. The study puts forth synchronised regional policies and sector-specific incentives to enrich long-term economic stability.

Author Biography

Jamshid V.P, Associate Professor of Commerce, Farook College (Affiliated to University of Calicut), P.O Farook College, Kozhikode, Kerala – India

Dr. V.P. Jamshid is an Associate Professor in the Department of Commerce and Management Studies at Farook College (Autonomous), Kozhikode, Kerala, affiliated with the University of Calicut. He holds a Ph.D. in Commerce from Mahatma Gandhi University, Kottayam, along with postgraduate degrees in M.Com (Finance) and M.B.A (Finance), and has also earned professional diplomas from IGNOU. His areas of expertise and teaching include Marketing Management, International Business, Financial Markets, Tourism Management, and Logistics. Dr. Jamshid has actively participated in academic engagements by presenting research papers at various national and international conferences, including those held at Qatar University and Jamal Mohamed College. He has also served as a session chair and invited speaker on contemporary topics such as Islamic finance and digital business transformation. In addition to his teaching and research contributions, he plays key institutional roles as the Coordinator of Edu-support and the ED Club at Farook College and serves as the Chairman of the Board of Studies in Tourism at the University of Calicut. Dr. Jamshid is also committed to continuous professional development and regularly takes part in faculty development and refresher programs.

References

UNCTAD Report: UNCTAD. (2023). World Investment Report 2023: Investing in sustainable energy. United Nations Conference on Trade and Development. https://unctad.org/webflyer/world-investment-report-2023

Government Report (Example for UAE): UAE Ministry of Finance. (2023). Annual economic report 2023. Government of the UAE. https://www.mof.gov.ae/en/reports

World Bank Report: World Bank. (2022). The global economic outlook and growth forecast. The World Bank Group. https://www.worldbank.org/en/publication/global-economic-prospects

McKinsey Report on FDI: McKinsey & Company. (2022). Foreign direct investment: Trends and opportunities for growth in emerging markets. McKinsey & Company. https://www.mckinsey.com/industries/economic-studies/fdi-report

OECD Report on Tax Incentives: Organisation for Economic Co-operation and Development (OECD). (2022). Tax incentives for businesses: Global trends and local implications. OECD Publishing. https://www.oecd.org/tax/incentives

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Published

20-04-2025

How to Cite

Jamshid, V. (2025). Enhancing Fiscal Incentives for Sustainable Investment Growth in GCC Economies: A Comparative Analysis . RESEARCH REVIEW International Journal of Multidisciplinary, 10(4), 128–142. https://doi.org/10.31305/rrijm.2025.v10.n4.014

Issue

Vol. 10 No. 4 (2025): RESEARCH REVIEW International Journal of Multidisciplinary

Section

Articles

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Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

This is an open access article under the CC BY-NC-ND license Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0).