Finance Minister: GCC countries on track for sustainable economic growth

Washington, Oct. 25 (BNA): Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, participated in a panel titled "Gulf Economic Integration: Achievements and Aspirations," organised by the GCC General Secretariat in cooperation with the World Bank. The session, held as part of the annual meetings of the World Bank and IMF in Washington, showcased GCC achievements in addressing global and regional challenges, strengthening competitiveness, and promoting economic integration.

Also participating were Mohammed bin Abdullah Al Jadaan, Saudi Finance Minister, Noora bint Sulaiman Al Fassam, Kuwaiti Minister of Finance and Acting Minister of Oil, and Ali bin Ahmed Al Kuwari, Qatari Finance Minister.

The minister highlighted that GCC countries are on the right track to achieving sustainable economic growth across all levels. He underscored the importance of joint economic cooperation and integration to strengthen resilience against economic challenges faced by the region, enhancing competitiveness and driving inclusive, sustainable growth.

Shaikh Salman bin Khalifa also emphasised the importance of investing in young national talent, creating an environment that nurtures their skills, particularly in the technology sector. He noted that Bahrain has dedicated efforts to building and aligning its tech infrastructure with modern, innovation-driven practices.

The minister said that GCC nations are committed to enhancing global competitiveness and diversifying their economic base, which attracts promising investment opportunities and drives sustainable economic growth through stronger partnerships with the private sector, benefiting the nations and their people.