The Gulf Cooperation Council (GCC) seeks to bolster economic and financial cooperation within the six-member bloc, its chief Jasem Al-Bedaiwi said on Wednesday, citing an internal committee tasked with bringing such goals to fruition.
Cooperation between GCC states has led to some notable “economic” achievements as of late, he said in a statement issued by the bloc after a meeting involving the aforementioned committee held in the Omani capital Muscat.
Trade within the Gulf Arab bloc skyrocketed to nearly USD 105 billion in 2021, added the statement, while some 162,000 people own properties across the region, it showed.
He went on to emphasize that GCC member states will collectively employ all tools at their disposal in a bid to propel economic cooperation to greater levels.
Source: Kuwait News Agency