In the Gulf, business is rarely just transactional. It is relational, reputational, and often multi-generational. The strongest companies in the region did not become strong because markets were always predictable. They became strong because they learned how to hold their shape when markets were not.

For more than two decades, growth was worshipped. Capital was abundant. Expansion masked inefficiency. Headcount scaled faster than productivity. Complexity quietly accumulated behind rising revenue curves. And then the environment changed. From 2022 onward, tightening capital markets, inflationary pressures, geopolitical disruptions, and AI-driven productivity shifts rewrote the rules of corporate survival.