European-Gulf Summit focuses on 166B euro investments

The article discusses the preparations, risks, and opportunities associated with the upcoming Second European-Gulf Summit to be held in Riyadh. It highlights the significant development of the economic relationship between the European Union and the Gulf Cooperation Council countries, particularly in terms of trade and investment, which amounted to €165.6 billion in goods trade and €84.4 billion in services, along with mutual investments totaling €353 billion. The meeting aims to shift the relationship from reliance on oil and industrial commodities to strategic partnerships in areas such as clean energy, hydrogen, technology, and artificial intelligence. There will be particular focus on increasing joint investments and developing specific projects. This transition presents an opportunity to strengthen cooperation in higher value-added sectors, facilitate the movement of business and people, and achieve tangible results through the signing of new agreements and investment projects. Such efforts contribute to building a more diversified and competitive Gulf Arab economy capable of thriving in the future.

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