Export Companies Set for Growth from GCC Reconciliation

SourceAl Bawaba
SectorEconomy
CountryGulf

Dr. Saleh Al-Sultan, a writer and former chief economist at the Ministry of Finance, told Arab News: “The Gulf cooperation was undermined in the previous few years but the relations between Saudi Arabia and other Gulf states and Qatar are back to normal now, which means the ties between all states will be stronger than ever. “Before the boycott, Saudi Arabia and Qatar had many mutual economic activities but collaboration stopped. We hope that the relations return to normalcy and ties become deeper and stronger. Besides, increasing the volume of economic exchange and transactions will bring positive results to Gulf states,” he said. Abdulrahman Al-Otaishan, chairman of the Saudi-Bahraini Business Council and former chairman of the Saudi-Qatari Business Council, pointed out the importance of economic integration between all Gulf states and said that over the past four decades the Gulf Cooperation Council (GCC) had played a pivotal role in the region. “The easy movement of Gulf nationals from one state to another and the facilitation of money movement have brought about a lot of benefits to all states. “Saudi Arabia might have the largest impact and weight because of its geographical, historical, religious, and economic importance.

Gulf states share many things in common. “The...read more...