Even though global merger and acquisition (M&A) activity fell by 15% in the same period of 2023, the Middle East and North Africa (Mena) region saw a strong surge in M&A activity, with deals totaling $86 billion.
The GCC region held a dominant position, accounting for 97% of the deal value. The region demonstrated remarkable resilience in the face of geopolitical challenges, largely due to the effective governance of individual country governments.
Thanks to proactive government policies aimed at economic diversification beyond oil, the UAE and Saudi Arabia have emerged as beacons within the GCC, attracting substantial capital and creating an environment that is conducive to investment. This strategic approach has driven a surge in both domestic and cross-border M&A activities, supported by the financial strength of active family offices and Sovereign Wealth Funds (SWFs).
The momentum extends beyond traditional industries, as strong deal activity is seen in well-established fields like real estate, hospitality, and infrastructure in addition to expanding fields like technology, renewable energy, and healthcare that are in line with global trends. In addition to this diversification, there has been a surge in outbound investments, local tourism, and ongoing infrastructure development.
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