Marc-Albert Hamalian on Muck Rack

Marc-Albert Hamalian

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Articles

How countries in the GCC can enhance and secure their citizens’ wellbeing

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By Motivate Freelance, Fadi Adra, Marc-Albert Hamalian, Dima Sayess
| Gulf Business Verified
The current model of social welfare in the GCC is financially unsustainable. Oil revenues have been volatile, and rapid population growth has led to increased spending on healthcare, education, and pensions, further amplified by the Covid-19 pandemic. Governments know that they cannot meet the current level of social expectations indefinitely. The model is also economically undesirable as it encourages a sense of intergenerational dependency among nationals.
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