Almost two-thirds of UAE CEOs say ‘disruption’ is a major catalyst for growth within their businesses, according to professional services firm KPMG. Examples of disruptions cited by respondents include challenges arising from global economic uncertainties, the introduction of a new tax regime in the Gulf, and geopolitical issues.
Yet, the majority of CEOs perceive these challenges as opportunities rather than threats, the survey found, with 88 per cent of UAE CEOs confident in the growth prospects of their own industry over the next three years, and 92 per cent of CEOs across the GCC expressing similar confidence.
Innovation is seen as a high priority for CEOs in the UAE, with nine out of ten indicating it is an area for strong investment, KPMG said. Further, 84 percent of UAE-based CEOs believe risk can prompt innovation in certain products and services.
Source Credit: Arabian Business
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