The GCC Economic Competitiveness Forum was recently held in Qatar, organized by the Ministry of Finance in collaboration with the World Economic Forum.
The forum aimed to promote dialogue and cooperation among the Gulf Cooperation Council (GCC) countries to enhance the economic landscape of the region.
Discussions focused on defining economic competitiveness and establishing a unified Gulf definition that reflects the unique realities of the region.
The forum also aimed to identify ways for GCC countries to leverage each other's experiences and create a cohesive framework for coordination and communication regarding economic competitiveness.
The opening remarks emphasized the economic resilience of the GCC countries and the importance of cooperation among them.
Insights from the World Economic Forum highlighted the significance of dialogue, cooperation, and institutional innovation in supporting the region's economic goals.
The discussions during the forum identified various factors that influence competitiveness, such as institutional frameworks, policies, productivity levels, production costs, workforce quality, and future preparedness.
The forum concluded with recommendations for enhanced economic integration among GCC countries, emphasizing the establishment of a coordination framework to facilitate ongoing collaboration.
The outcomes of the forum reflect a collective commitment to enhancing the Gulf's economic competitiveness and positioning the GCC countries more effectively in the global economic landscape.