Manama: The Gulf Cooperation Council (GCC) States have proven that they are a destination for future economic growth, thanks to their wise leadership, robust economies, and strategic location, the bloc's Secretary General Jassem Al-Budaiwi said on Tuesday.
According to Kuwait News Agency, Al-Budaiwi participated in a session on the sidelines of the Bab Al-Bahrain Forum 2025, where he emphasized the forum's role as a platform to discover innovative solutions to economic challenges amid accelerated changes in the world economy.
Al-Budaiwi addressed indirect economic repercussions caused by recent global developments, such as GCC financial markets instability, a drop in international demand for energy and oil prices, a decline in confidence in the private sector, and a rise in inflation rates due to increasing import prices. He affirmed that the GCC States adopt balanced policies in their relations with both the East and West, aiming to enhance strategic partnerships and position themselves as attractive investment destinations for companies worldwide.