Economic Advisory

Shaping Economies, Enabling Progress

Through strategic insights and tailored economic advisory, we’ve enabled the transformation of economies and industries alike.

Understanding the global economic impact of strategic actions helps businesses and governments make smarter, more agile decisions.

Our economic advisory services provide the analytical tools and evidence-based insights needed to assess these impacts—whether for infrastructure investments, policy reforms, or major events—helping stakeholders allocate resources effectively, mitigate risks, and maximize long-term value.

As population growth accelerates and urbanization intensifies, the need for a deeper socio-economic understanding becomes even more critical.

Economic advisory helps unpack the implications of demographic shifts—such as increased demand for infrastructure, housing, jobs, and services—and supports the design of policies and investments that foster inclusive growth.

 

By aligning strategies with local socio-economic realities, stakeholders can ensure that development is equitable, sustainable, and responsive to future needs.

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How We Help

By leveraging advanced econometric models and data-driven analysis, we offer tailored strategies that address the specific socio-economic conditions of each region.

Socio Demographic Impact Analysis

Our impact studies examines the effects of demographic changes; such as population growth, migration patterns, aging populations, and shifts in social behavior on economic and social outcomes.

Policy & Regulatory Impact Evaluations

Our studies assist in understanding the impact of policy shifts such as tax reforms, trade regulations, and social programs—on business environments and market dynamics.

Climate Change Economics

Focused on evaluating the implications of policies, climate risks, and low-carbon transitions, we support clients in understanding the cost of inaction, identifying opportunities, and designing strategies that align on environmental growth with resilience.

Economic Impact Studies

Our economic impact studies assess how events like sports competitions, cultural festivals, and conferences affect local and national economies, focusing on tourism, job creation, infrastructure spending, and consumer spending.

Computable General Equilibrium Modelling

By simulating how markets and sectors respond to changes in policy, technology, or external shock our CGE models provide a comprehensive view of economic outcomes. We use CGE models to assess the impacts of environmental regulations, and other macroeconomic factors on industries, households, and government revenue.

Economic Advisory Expertise

Sectors We Work With

Our economic assessment and consulting engagements cover a range of applications:

Connect with our Economic Advisory Practice.

Drop us a mail and our team will connect with you in 24 hours.

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    Designing a coastal tourism corridor: Structuring a multi-stop destination experience
    Measuring economic impact: Quantifying the value of a global sporting event
    Beyond attendance: Evaluating the real economic contribution of an event

    Case Study

    Designing a coastal tourism corridor: Structuring a multi-stop destination experience

    Posted by:

    Ministry of Culture Saudi Arabia is spearheading a range of transformative initiatives under Vision 2030 to position the Kingdom as a leading global cultural and tourism destination. Central to this ambition is the activation of the Red Sea coastline through experience-led, sustainable tourism developments. grmc was engaged to undertake a comprehensive research advisory to explore the feasibility and development potential of a “Coral Highway Experience” a curated, multi-stop coastal journey linking natural, cultural, and leisure destinations.

    Measuring economic impact: Quantifying the value of a global sporting event

    Posted by:

    The Formula One Bahrain Grand Prix is one of the Middle East’s most prominent international sporting events, first hosted in 2004 at the Bahrain International Circuit in Sakhir. As the inaugural Formula One race in the region, it quickly established global recognition, earning the FIA “Best Organised Grand Prix” award and becoming a cornerstone of Bahrain’s annual events calendar. grmc was engaged to quantify and demonstrate the economic and social impact of hosting the Grand Prix.

    Beyond attendance: Evaluating the real economic contribution of an event

    Posted by:

    Sharjah Commerce and Tourism Development Authority is responsible for promoting Sharjah as a competitive cultural, tourism, and events destination within the UAE. As part of its events strategy, the emirate hosts internationally recognised sporting championships that contribute to tourism inflows and economic activity. grmc was engaged to undertake an economic impact assessment of the F1 Powerboat World Championship held in Sharjah, evaluating its contribution to the emirate’s economy.