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Al-Bedewi: Gulf nations boost global economic role
Jasim Mohammed Al-Budaiwi, Secretary-General of the Gulf Cooperation Council (GCC), affirmed that the member states are rapidly advancing towards enhancing their position in the global economy and investment landscape through strong economies, growing Gulf integration, and openness to international markets. They continue to invest in future sectors such as artificial intelligence and renewable energy. He pointed out that the Gulf economy currently ranks among the world's top 10, with a gross domestic product of approximately $2.4 trillion, and that the total assets of sovereign wealth funds exceed $5 trillion. There has also been significant growth in investment flows both within GCC countries and globally. He emphasized that the future of investment depends on a strong economy, integration, and openness, positioning the GCC as a key partner in shaping the future of global investment.
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