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I think the near future economic prospects for the GCC are quite good: the world is still using more and more oil, which requires extraction, storage, refining and shipping, as well as financing. Tourism and real estate, insurance and other service industries all seem to be growing in importance in the GCC.
Education is another important area of the economy currently seeing growth - for new sectors of the economy, like technology, but also for healthcare, finance and even food production. The youth are often bilingual, better educated and leading change.
Lastly, the position of the GCC - in the middle of humanity between Europe, Asia and Africa as an oasis of friendly nations should only help to draw people, money and growth.
For next few years they have enough energy Supply/demand solution to keep going with same growth. But for sustainable future growth they have to diversify non oil tradeable sector. kuwait and oman have taken right steps of focusing on promoting entrepreneurshi through SMEs but still a long way to go.
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