...February 17, 2025 This report does not constitute a rating action. We expect Gulf Cooperation Council (GCC) governments will maintain a controlling stake in most strategic government-related entities (GREs) and continue to provide extraordinary support if necessary. GREs play a crucial role in GCC sovereigns' diversification away from the hydrocarbon sector. We expect government and public investments will spur non-oil growth in the Gulf region to, on average, more than 3% over 2025-2028. To finance the required investments, we expect GCC GREs will raise more debt through domestic and regional banks, international capital markets, and by listing on regional equity markets. Here, S&P Global Ratings presents frequently asked questions from investors about how we view sovereign support for GREs in the GCC region and how this support could affect GCC sovereign ratings....
