Since its establishment in late May 1981, the GCC has experienced over three decades of rapid economic growth. The bloc’s six members – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – have benefitted from greater integration and cooperation over the years, and continue to work to diversify their economies to maintain their competitive edge.
Covering all member states of the GCC, OBG carries out on-the-ground research throughout the year in order to stay at the forefront of developments in the region.
Driven by hydrocarbons wealth, the GCC has grown at an unprecedented rate over the past 30 years. However, the significant drop in oil prices since 2014 has lead to a new era of reduced government spending and accelerated economic reform. Public sector investment remains strong though, particularly in physical and social infrastructure, and policy continues to focus on diversification and increasing the role of the private sector.
Forthcoming high-profile international events such as the 2022 FIFA World Cup in Qatar and the Dubai World Expo 2020, amongst others, are providing important anchors for economic development.
David Cameron, UK Prime Minister, on trade links with the GCC
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Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah on the need for cooperation to achieve development aims
Realising UAE Vision 2021: OBG talks to Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister...
Prince Khalid Al Faisal bin Abdulaziz Al Saud, Governor, Makkah Province, on the future of regional...
OBG talks to Prince Turki bin Abdullah bin Abdulaziz Al Saud, Governor, Riyadh Region
OBG talks to Prince Saud bin Nayef bin Abdulaziz Al Saud, Governor, Eastern Province
OBG talks to Abdul Latif Al Zayani, Secretary-General, GCC
OBG talks to Sheikh Khalid bin Abdullah Al Khalifa, Chairman, Mumtalakat
Sultan Qaboos bin Said Al Said on encouraging small and medium-sized enterprises and entrepreneurs
OBG talks to Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah
OBG talks to Khaldoon Khalifa Al Mubarak, Group CEO and Managing Director, Mubadala
OBG talks to Sultan bin Nasser Al Suwaidi, Governor, Central Bank of the UAE
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