Regulatory reforms will go a long way in instilling investor confidence and will attract more investments to the GCC, say experts.
The present levels of regulations in the region do support growth but there is enough scope for improvements and reforms that can improve the economic performance of the region. This becomes all the more vital in the current financial scenario, when investments are falling and investors are becoming more discernable.
"The last six months have underlined that international investment now operates in a global market, transcending national boundaries. Investors are more than ever comparing jurisdictions as to the safest and most secure environment, and high and effective standards of regulation and corporate governance are increasingly seen as key assets in attracting investment. A stable and certain system of regulatory standards and safeguards is becoming an essential, rather than a 'nice to have'," said James O'Shea, Partner at Clyde & Co, a leading international law firm in the region.
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