Kuwait city: The Gulf Cooperation Council (GCC) nations are advancing on multiple fronts to strengthen their economies, as outlined by the GCC Secretary General Jassem Al-Budaiwi. The initiatives include connecting the six member states via a railroad system, diversifying income streams, and attracting foreign investments to create job opportunities for citizens. According to Kuwait News Agency, Al-Budaiwi emphasized the importance of the Gulf railroad project, which is a key collaborative effort among the GCC countries. This project has seen varying levels of progress, with some countries like the UAE and Saudi Arabia having completed their sections, while others are still in the technical planning stages. The railroad, expected to be operational by December 2030, aims to boost inter-GCC trade, generate employment, and attract foreign investment, all while reducing highway maintenance costs. Al-Budaiwi highlighted the expected benefits of the railroad, stating that it would facilitate the movement of aroun d six million passengers by 2030, increasing to eight million by 2045. This initiative is set to complement significant investments in the region's tourism sector. Additionally, the introduction of a "one-stop" travel system using facial recognition technology will streamline travel for Gulf nationals, enhancing passenger experience by reducing immigration wait times. On economic diversification, Al-Budaiwi noted that the GCC is making significant strides with comprehensive economic reforms. By 2024, non-oil sectors are expected to contribute 76 percent, or USD 1.7 trillion, to the GCC's GDP, driven by growth in tourism, logistical services, technology, renewable energy, and manufacturing. Despite these efforts, oil remains a crucial element for global energy security. The GCC has also made progress in renewable energy, with substantial solar and wind projects underway in the region. These initiatives align with global sustainability goals, as the GCC countries work towards enhancing energy efficiency and r educing emissions. Al-Budaiwi mentioned the resumption of free trade agreement negotiations with several countries, indicating the GCC's commitment to integrating with global markets. He also reported a high compliance rate with UN Sustainable Development Goals, particularly in health, education, and clean energy. Youth empowerment is another priority for the GCC, seen as vital for economic and social development. By fostering entrepreneurship and innovation, the GCC is transitioning towards a knowledge-based economy, thereby reducing reliance on foreign labor and enhancing social stability. The GCC's efforts to improve human development indices focus on health, education, and income, ensuring sustainable development through strategic investments in human capital. The region has seen notable advancements in health, social, and sports sectors, contributing to building healthier and more prosperous communities. Founded in 1981, the GCC comprises Kuwait, Saudi Arabia, Qatar, Bahrain, the United Arab Emirates (UAE), and Oman.
