Al-Badawi: GCC nations can handle crises
Official sources confirm that the Gulf Cooperation Council countries have demonstrated their ability to effectively handle crises and extraordinary circumstances while maintaining the strength of their economies. The Secretary-General pointed out that the region faces geopolitical challenges and market fluctuations, but prudent financial and economic policies, along with the growth of non-oil companies—which now constitute 79% of the GDP—have contributed to reinforcing stability. Gulf economic indicators, such as a gross domestic product of $2.4 trillion and foreign asset reserves reaching $829 billion, underscore the resilience and robustness of these economies. As efforts continue to complete projects for the Customs Union and the Common Market, the Gulf nations' capacities to maintain financial stability and achieve growth despite challenges become increasingly evident.
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