The report acknowledged that to further build on this momentum, GCC international locations will have to take a couple of more steps, particularly regarding exterior VC funding which needs vital attention. According to another research by Strategy&, if the GCC region turns into comparable to essentially the most advanced digital economies, it might create an extra 600,000 tech jobs. The best demand for tech specialists has been for specialised jobs like cloud computing, applications programming interfaces (API), blockchain applied sciences, danger administration specialisation, and cybersecurity. The report estimates that, at present, only 6% of the workforce in the GCC is engaged in tech-associated jobs. As an example, the lack of preferential regulatory therapy for corporations which might be licensed and regulated in some GCC countries will be an impediment to the growth of such companies. This limits the exit of preliminary traders in addition to the expansion and innovation of VC funding. The report suggested that public sector and non-public sector stakeholders ought to align on key elements of market progress to allow for the simpler provision of cross-border providers.

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