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Al-BEDAIWY: Gulf non-oil economies to reach 78% by 2025
Jasim Muhammad Al-Budaiwi, Secretary-General of the Gulf Cooperation Council, confirmed that the Gulf countries have become more economically diverse, with the non-oil sector accounting for over 78% of the total GDP, growing at a rate of 5.3% in 2025. The gross domestic product of the Gulf states reached approximately $2.4 trillion, and the assets of Gulf sovereign wealth funds are approaching $5 trillion. Meanwhile, external trade volume amounted to around $1.6 trillion in 2024. He pointed out that the Gulf countries have shifted from being primarily oil suppliers to active partners in the global economy, continue to emphasize energy security, and are taking steps toward political and economic coordination to enhance regional stability.
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