Al-Badawi: Gulf integration boosts investment, economy in top 10
The Secretary-General of the Gulf Cooperation Council, Jassim Badioui, affirmed that the GCC countries have become an interconnected economic and investment system, with a gross domestic product of $2.4 trillion, and sovereign wealth fund assets exceeding $5 trillion, along with commercial bank assets estimated at $3.9 trillion by 2025. He pointed out that the total foreign direct investments in the region amount to approximately $792.7 billion, of which $171.4 billion are internal investments among GCC countries, reflecting increasing economic integration. He emphasized that the future of investment depends on strong economies, deeper integration, and global openness, with a focus on future sectors such as artificial intelligence and renewable energy. He also noted that GCC countries are striving to build long-term investment partnerships that promote sustainable development, urging global investors to consider them as partners in shaping the future of investments worldwide.
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