The new mandate: Why GCC CEOs must balance growth, AI and resilience simultaneously
In the Gulf, growth, transformation and resilience are no longer trade-offs. Pedro Oliveira, managing partner, IMEA, Oliver Wyman, explains why CEOs must now manage them simultaneously
06 July, 2026
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Economic diversification, rapid technology adoption and an increasingly volatile global landscape are redefining the role of the chief executive across the Gulf. Growth is no longer pursued independently of cost discipline, artificial intelligence or workforce transformation. Instead, CEOs are expected to deliver on all fronts simultaneously while making faster, higher-stakes decisions.
According to Pedro Oliveira, managing partner, India, Middle East and Africa (IMEA) at Oliver Wyman, this shift marks a new leadership mandate, one where competitive advantage depends less on setting ambitious strategies and more on executing them with discipline.
Drawing on findings from The CEO Agenda 2026, a global survey of 415 chief executives representing around 10 per cent of global market capitalisation, Oliveira explains why Gulf leaders are rethinking investment, AI deployment, mergers and acquisitions, and talent strategies to build organisations capable of sustaining growth through uncertainty.
What has changed in the role of the CEO across the Gulf?
The role has become more compressed and more complex. CEOs can no longer deal with growth, resilience, artificial intelligence, workforce change and capital allocation one at a time. These issues are now moving together, and they require simultaneous attention.
For business leaders in the GCC, this is not an abstract global trend. The region is already operating through rapid economic transformation, large-scale investment, technology adoption and geopolitical volatility. CEOs are being asked to keep growing, keep transforming and maintain resilience at the same time.
That is also reflected in The CEO Agenda 2026, a new report by the Oliver Wyman Forum and the New York Stock Exchange, based on a survey of 415 chief executives representing around 10 per cent of global market capitalisation. Almost two-thirds of CEOs see today’s volatility as an opportunity to out manoeuvre competitors. The challenge is to convert that ambition into better decisions and stronger execution.
Why is this particularly relevant to GCC companies?
The Gulf encountered this shift earlier, and more intensely, than many other markets. Across the region, national growth models have been built around speed, ambition and the willingness to move early.
In the UAE, that is visible in its role as a global hub economy, using infrastructure, regulation and openness to position itself at the centre of capital, talent and trade flows. In Saudi Arabia, it can be seen in the scale of domestic economic transformation and the creation of new sectors. Qatar has also shifted from World Cup-driven infrastructure investment towards a broader growth model spanning energy, financial services and the knowledge economy.
These ambitions remain a strength. What has changed is the delivery challenge. CEOs must now make several critical decisions in parallel, often with incomplete information and under closer scrutiny from boards, shareholders and employees.
The report suggests that growth now has to pay for itself. What does that mean?
It means growth remains the priority, but the funding model has become more disciplined. Two-thirds of CEOs rank a growth lever as their main objective, while 58 per cent cite cost management among their top three priorities.
That does not mean companies are becoming defensive. It means cost discipline is being used to fund investment in technology, transformation and acquisitions. Efficiency is not the end goal. It is a source of capital for growth.
For GCC companies, this is a useful distinction. The region’s growth ambitions remain high, but capital has to be deployed with greater precision. The question is whether companies can direct investment into the areas that improve competitiveness, resilience and long-term value.
Why is M&A so prominent on the CEO agenda?
An overwhelming number of CEOs, 94 per cent, plan deals over the next one to two years. The more important point is what companies are trying to achieve through M&A.
This is not only about scale. It is increasingly about speed, expertise and capability. In some cases, companies are using acquisitions and partnerships to access specialist capabilities that would take too long to build organically.
That resonates strongly in the Gulf. Businesses in sectors such as financial services, healthcare, industrials and energy are using deals and strategic partnerships to accelerate capability-building. The strongest deals will be those that support a clear strategic need and help the organisation execute faster, rather than simply becoming another layer to manage.
How are shorter planning horizons changing the CEO role?
CEOs globally now spend half their planning time on horizons of less than a year, up from 43 per cent in 2025. At the same time, boards are becoming more involved in strategy, risk and leadership decisions. The report also notes that 11 per cent of CEOs were replaced in 2025.
That creates pressure to deliver quickly. In periods of volatility, leaders naturally focus on continuity, liquidity, resilience and near-term performance. The risk is that short-term reaction starts to crowd out long-term clarity.
For Gulf companies, this is especially important. Many are aligned with long-term economic transformation agendas, so they cannot afford to make decisions only around the next quarter or the next disruption. The strongest organisations will respond quickly while still making disciplined choices about where they can win over time.
What does the report tell us about AI adoption?
AI is the clearest example of the gap between ambition and execution. The report shows that about two-thirds of CEOs are still primarily planning or piloting AI deployment, and 53 per cent say it is too early to assess return on investment.
The lesson is not that AI is overhyped. It is that implementation is harder than expected. Moving from experimentation to commercial value requires changes to workflows, operating models, roles, data and governance.
At the same time, the divide is widening. AI deployment leaders are around three times more likely than laggards to say returns are meeting or exceeding expectations. Advantage is shifting to companies that can move beyond pilots and embed AI into how the business actually works.
What should CEOs in the GCC take from that AI finding?
Markets across the GCC have rightly placed AI and digital capability at the centre of their long-term ambitions. But early ambition is not the same as commercial value.
The practical question for CEOs is where AI should drive growth, where it should improve efficiency, where it can improve customer experience, and where the risks remain too high. That requires disciplined prioritisation. Companies do not need isolated pilots across every function. They need a clearer view of where AI can improve performance, and then they need to redesign work around it.
The most advanced organisations are treating governance, workflow redesign and adoption as part of AI deployment, not as secondary issues. That is where the value will come from.
How should companies think about the workforce implications?
The workforce implications are more immediate than much of the public debate suggests. The report shows that 43 per cent of CEOs plan to reduce junior roles, while 45 per cent expect to keep overall headcount broadly flat.
This is not simply a cost story. It reflects a structural redesign of how work gets done. As AI changes the operating model, companies are reassessing which roles they need, how work should be organised and what skills will matter most.
For high-growth GCC markets, there is an important caution. Reducing junior roles may improve short-term efficiency, but it can also weaken the pipeline of future managers and leaders. The next phase of competitiveness will depend on adopting new technologies without undermining long-term capability-building.
What should CEOs prioritise now?
The priority is to make faster and better decisions across multiple fronts without sacrificing long-term strength for short-term speed. That means pursuing growth, but ensuring it is self-funded and linked to execution. It means investing in AI, but focusing on deployment and measurable value. It means using M&A to build capability, not just scale. And it means reshaping the workforce without weakening the leadership pipeline.
Perhaps the main lesson is not simply that the world has become more uncertain. Leaders in this region already understand that. The real lesson is that advantage now lies in managing complexity with discipline: moving quickly, making sharper choices and building organisations that can grow through volatility without becoming more fragile.






















