GCC Secretary General: GCC Leaders Are Keen on Strengthening ‎Economic Cooperation with Turkiye

Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi said that the leaders of the GCC countries are keen to strengthen economic cooperation with the Republic of Turkiye, based on the depth of brotherly relations between the two sides, according to a press release by the GCC General Secretariat.

Albudaiwi stressed that the GCC Ministerial Council, which held its 155th session in March this year, resumed the strategic dialogue with Turkiye, and adopted the Joint Action Plan 2023-2027.

Albudaiwi is participating in the GCC-Turkish Economic Forum, held in Istanbul, Turkiye, from November 11 to 13. The forum has drawn top officials and business owners from both sides.

According to the release, Albudaiwi stressed that “the forum is of great importance as it creates an opportunity to adopt and promote a common understanding to deal with the challenges of the economy and global stability”, boosts opportunities and helps confront current challenges through cooperation, innovation, and a focus on overcoming difficulties for different sectors and industries.

He also pointed out that the forum works toward achieving sustainable economic growth. In that respect, the trade exchange between the GCC countries and Turkiye amounted to $22 billion in 2021, he said.

Albudaiwi also said that the forum focuses on benefiting from major investment opportunities and potentials, “as this event targets a number of fields related to trade and investment, industry and logistics services, infrastructure, agriculture and food, and sports, through the participation of a number of senior officials, decision makers and businessmen from the GCC countries and the Republic of Turkiye”, according to the release.