The Arab world’s economy is undergoing a rapid transformation, fueled by the rise of financial markets and robust growth in the technology, energy and finance sectors. According to data compiled by Forbes Middle East, more than 280 companies across the region now boast a market valuation exceeding $1 billion.
At the forefront of this transformation is Saudi Arabia, which leads the regional ranking with over 100 billion-dollar firms. The United Arab Emirates follows with around 70, while Kuwait claims third place with 25. These Gulf powerhouses benefit from strong economies, substantial sovereign investments and ambitious diversification agendas aimed at reducing dependence on oil.
Amid these economic heavyweights, Lebanon has managed to secure a notable position. Despite its ongoing political and financial challenges, the country ranks 10th in the region for the number of companies with valuations over $1 billion. This is largely thanks to well-established firms such as Bank Audi (valued at approximately $1.6 billion) and Holcim Liban (around $1.5 billion), which have maintained investor confidence and operational resilience.
Lebanon’s inclusion in the regional top 10 highlights the enduring strength of its private sector. With a highly skilled workforce, a globally connected diaspora and a legacy of entrepreneurial agility, the country proves it can still compete in a fast-evolving regional economy, even as it grapples with structural crises and instability.
Comments