The Gulf Cooperation Council (GCC) states, including Kuwait, are intensifying their efforts to deepen economic integration and enhance regional trade cooperation. This was affirmed by GCC Secretary-General Jasem Al-Budaiwi during the 70th meeting of the GCC Commercial Cooperation Committee, held on April 30 via videoconference and chaired by Bahrain's Minister of Industry and Commerce, Abdullah bin Adel Fakhro.
Commitment to Economic Unity
Al-Budaiwi emphasized that the GCC states are determined to achieve Gulf economic unity and establish the region as a leading global hub in economic and development fields. He noted that the meeting takes place at a critical time following Iranian attacks on GCC states, requiring a shift from traditional coordination to practical integration and effective response.
Addressing Regional Challenges
“The escalating challenges in our region are a real test of our ability to protect achievements and ensure the continuity of vital sectors,” Al-Budaiwi stated. He stressed that a strong, sustainable economy can only be built through cooperation and unified integration among member states.
The GCC states are actively addressing global economic challenges and accelerating development projects. They are working to remove obstacles, increase intra-GCC trade, and improve the flow of goods and services to achieve economic unity.
Economic Indicators and Trade Growth
Al-Budaiwi highlighted that the total GDP of GCC states at current prices reached approximately $2.4 trillion in 2025, ranking 10th globally. Intra-GCC merchandise exports exceeded $146 billion in 2024, with an annual growth rate of 9.8 percent, reflecting the strengthening of Gulf trade ties.
