GCC Bloc Could Be World’s 6th Largest Economy, Deputy Crown Prince Mohammed Says

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman said that the GCC countries could become the world’s sixth largest economy if they joined forces in the coming years.

The comments were made at the opening ceremony of the first meeting of the GCC Economic and Development Affairs Authority in Riyadh. The authority was created to hasten coordination and integration among GCC countries in economic and development areas.

The Deputy Crown Prince stressed the need to unify efforts to reach aspired goals of sustainable development and prosperity.

The Deputy Crown Prince stressed the need to unify efforts to reach aspired goals of sustainable development and prosperity.

Deputy Crown Prince Mohammed stressed the need to unify efforts to reach goals with regard to sustainable development and prosperity, saying that the member-nations are now taking the first steps “to take advantage of these opportunities, especially as we are in an era marred by world economic instability,” Prince Mohammed said. “Therefore, we need to work together to achieve development and prosperity,” he added.

Participants discussed the latest economic and developmental trends regionally and globally, and reviewed progress made implementing resolutions, recommendations and agreements.

According to the English-language Asharq Alawsat, the meeting was attended by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs of the United Arab Emirates; Sheikh Nasser bin Hamad Al Khalifa, Representative of Bahrain’s King for Charity and Youth Affairs; Minister of Diwan of Royal Court and Representative of Oman at the Authority Khalid bin Hilal bin Saud Al-Busaidi; Qatar’s Minister of Foreign Affairs Sheikh Mohammed bin Abdul Rahman bin Jassim Al Thani; Kuwait’s Minister of State for Cabinet Affairs Sheikh Mohammed bin Abdullah Al-Mubarak Al-Sabah; and GCC Secretary General Dr. Abdulatif Al-Zayani.