12 Hrs
Source:
الاقتصادية
Riyadh to host EU-Gulf Cooperation Summit
The article highlighted the preparations for the upcoming European Union-Gulf Cooperation Council summit scheduled to take place in Riyadh on October 24, 2026. The aim is to strengthen economic and commercial partnership between the two sides. It discussed the meetings held by Luigi Di Maio, the European Union Special Representative in Saudi Arabia, with Saudi officials, including discussions on areas of economic and social transformation led by Vision 2030. The trade relations between the European Union and the Gulf countries are strong, with trade exchanges reaching 165.6 billion euros in 2025, showing growth in both exports and imports—particularly fuels, which account for more than 75% of European imports from the Gulf. Additionally, Gulf countries are moving toward signing a free trade agreement with the European Union to bolster cooperation across various fields, with a focus on economic diversification, investment enhancement, and dialogue on peace and security.
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