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Digital Transformation Journey of GCC Countries and the Way Forward
Abstract
Gulf Cooperation Council (GCC) countries, including Kuwait, have been trying to surf the tides of digital transformation to improve their competitiveness and leapfrog into innovation-led economies. The recent turbulence caused by COVID-19 and oil price collapse has accelerated the need for long-term and sustainable strategies. This chapter reviews the desired transformational paths for GCC countries with a special focus on Kuwait. The chapter utilizes original data resulting from empirical work that the authors have recently completed. It will also review existing policies, availability of tech-savvy human resources, and incentive structures that drive firms and institutions to accelerate digitization. Moreover, a comprehensive analysis of the compendium of global indices related to competitiveness, digitization, and innovation will be utilized to trace the journey of GCC countries and the way forward to address urgent global challenges such as the transition towards a digital economy.
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