Gulf Capital and Asia House on the Middle East pivot towards Asia

Gulf Capital and Asia House on the Middle East pivot towards Asia

Abu Dhabi: – The GCC pivot towards Asia will continue to gain momentum, with bilateral trade between the GCC and emerging Asia[i] set to grow by almost 6% per year over the next decade, to reach approximately US$578 billion by 2030. Trade between these two economic blocks will surpass the GCC’s trade with advanced economies by 2028, according to a study by UK-based think tank Asia House, which was discussed today at an event organised by Gulf Capital, one of the largest and most active private equity firms investing from the GCC to Southeast Asia, and Asia House.

Speakers at the event included Former Minister of Trade in Indonesia, Thomas Lembong, who is currently Director, Consilience Policy Institute; Abdulla Al Hashmi, Chief Operating Officer, Parks and Zones at DP World UAE; Eric Robertson, Global Head of Research and Chief Strategist, Standard Chartered; Richard Dallas, Senior Managing Director, Gulf Capital, and Freddie Neve, Senior Middle East Associate, Asia House and author of the “Middle East Pivot To Asia 2022” report.

Freddie Neve said: “Rapidly expanding ties between the Gulf and Asia are creating a fundamental global shift that will have far-ranging implications for international trade, business and politics. The investment corridor is growing