The event, promoted by ISPI, Promos-Chamber of Commerce of Milan and Intesa Sanpaolo Bank, in cooperation with Assolombarda, analyzed the political and economic dynamics of the Gulf Monarchies after the Arab Spring and possible regional scenarios, as well as business opportunities for Italian companies.
In a changing Middle East context the Gulf monarchies have emerged as increasingly proactive players both at regional and international levels. In the last decade, they have diversified their interests and relations and have deepened their cultural and economic penetration, in particular in the other Arab countries. The steady increase of the hydrocarbon prices has given these countries wealth and allowed them to maintain sustained growth economic rates, paired by high public expenditure, and to make important investment in key sectors both domestically and abroad. However, the spark of the Arab uprisings has highlighted the deep fragility of the authoritarian systems in this part of the world. At the same time, it has raised many questions on political and economic perspectives of the Gulf monarchies and their external projection in the medium and long term. What are the internal dynamics in the Gulf monarchies? What are the main domestic and external challenges of the Gulf monarchies? To what extent are they resilient to the wind of reforms? How long is the rentier state model sustainable? What perspectives for the economic diversification?
The Conference has been held at Palazzo Turati (Via Meravigli, 9/b - Milan).
Download the programme >>>
Download the ISPI Studies "The Gulf Monarchies in an Era of Transformations" >>>
Download the Analysis written by Valeria Talbot "The Gulf monarchies in a changing MENA region" >>>
Download the Analysis written by Eugenio Dacrema "New emerging balances in the post-Arab Spring: the Muslim Brotherhood and the Gulf monarchies" >>>
Download the Presentation "GCC Macroeconomic Overview" >>>