Gulf Cooperation Council (GCC) countries experience an extraordinary array of threats and hazards, generic as well as specific to the region. The ongoing economic and, in some instances, societal transformations under way add new layers of risk, creating an imperative for sound risk governance.
National leaders increasingly recognize the role that strong risk governance can play in building resilience, but this understanding needs to be turned into clear programs of action, involving government departments, the business sector, and citizens. This paper takes a Middle East lens to our firm’s broader thinking on this topic by surveying the key risks facing GCC nations and examines the efforts being made by individual states to grapple with the high-level risk agenda.
The core recommendations emphasize the importance of the following:
Source: Oliver Wyman
