Bahrain Experts Develop Gulf Supply Chain Plan
The article discusses strategies to enhance the resilience of the Gulf economy in the face of geopolitical tensions, emphasizing the importance of quick decision-making and the movement of goods within a unified supply network. It highlights the experiences of Oman, Saudi Arabia, and Bahrain in developing alternative ports and air transport corridors, as well as the role of sovereign wealth funds with assets exceeding $5 trillion in supporting supply chain resilience. The study also stresses the need to establish a more responsive Gulf infrastructure, such as creating an early warning center, a unified commodity list, green corridors, and digital connections, to ensure continuous flow of goods and reduce costs during disruptions. Data shows that Gulf foreign trade amounts to about $1.6 trillion, and the Gulf economy has become one of the top ten in the world, with non-oil dependence exceeding 78%. In conclusion, discussions confirm that the success of the upcoming phase requires transforming cooperation from mere agreements into an effective economic safety net, enabling the Gulf to respond swiftly and efficiently to any disruptions in key supply routes.
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