Gulf Discussions to Consolidate Economic Cooperation and Shared Ties

Kuwait participated in the tenth meeting of the Permanent Preparatory Committee at the ministerial level of the Economic and Development Affairs Council of the Gulf Cooperation Council (GCC) countries, held in Manama, with a delegation headed by the Minister of State for Economic Affairs and Investment and Acting Minister of Commerce and Industry, Abdulaziz Al-Marzouq.

The meeting discussed a number of common financial and economic issues, foremost among them completing the roadmap to achieve Gulf economic unity to enhance economic integration among GCC member states, as well as monitoring developments in the implementation of the plan and operational mechanism for the timeline of building the Gulf economic model.

The meeting also reviewed updates on the “Envisioning Future Prospects for Integration in the Economic and Development Fields for 2027” program, as well as studies and projects followed by the Economic and Development Affairs Council’s office, and the results of the conceptual framework for establishing training programs to simulate economic crises, which will contribute to enhancing the readiness of GCC member states to address future economic challenges.

The ministers affirmed their consensus on the agenda items, emphasizing the GCC states’ commitment to consolidating economic cooperation and strengthening common ties in line with the aspirations of their leaders to achieve greater integration in the course of joint Gulf efforts and to enhance readiness to confront economic crises.

At the conclusion of the meeting, the ministers agreed to submit recommendations to the Economic and Development Affairs Council, reiterating the importance of continuing to strengthen the cooperation process among GCC member states in a manner that serves common interests and supports economic and development integration pathways.