Though all the Gulf countries are trying to foster and nurture more vibrant private sectors, governments remain the dominant economic drivers and their role in regional stock markets is undimmed, according to recent research.
According to a report by Markaz, a Kuwaiti investment company, published earlier this month, 179 listed companies in the Gulf are at least partially owned by 51 government entities.
Overall, governments own about 29 per cent, or $182bn, of the region’s total market capitalisation.
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