Al-Ibrahim reiterates Saudi Arabia’s aspiration to strengthen GCC economic unity – Saudi Gazette

Al-Ibrahim reiterates Saudi Arabia’s aspiration to strengthen GCC economic unity – Saudi Gazette

RIYADH — The Ministerial Preparatory Committee of the Gulf Cooperation Council (GCC) Economic and Development Authority concluded its fourth meeting in Riyadh Tuesday, with a focus on strengthening the economic unity of Gulf countries.

Under the chairmanship of Minister of Economy and Planning Faisal F. Al Ibrahim the meeting was attended by the GCC ministers and senior officials to discuss a number of common issues in the field of economy and development, including the GCC Economic Unity projects overseen by the Economic and Development Affairs Authority.

In his speech during the meeting, Al-Ibrahim reiterated Saudi Arabia’s aspiration to strengthen GCC economic unity and support the economic integration of the GCC countries.

In this regard, the Authority was established as a proposal from the Kingdom to enhance cooperation in economy and development, accelerate the pace at which economy and development projects are implemented and help achieve Economic Unity.

Realizing these plans will strengthen the position of the GCC region as a global economic, financial, and investment center.

He added: “The Kingdom’s proven policies, future plans and ambitious vision place a strong Gulf Cooperation Council at the top of its priorities, in addition to strengthening Arab and Islamic cooperation in the service of the region’s security and