KUWAIT: The Committee of Undersecretaries of Gulf Investment Agencies under the Gulf Cooperation Council (GCC) emphasized the vital importance of enhancing economic integration among member states, citing the region’s robust investment potential and ability to attract international capital. The remarks were delivered by Sheikh Abdullah Sabah Al-Humoud Al-Sabah, Chairman of the Committee, during its third meeting held in Kuwait and hosted by the Kuwait Direct Investment Promotion Authority (KDIPA).

Sheikh Abdullah noted that the gathering falls in line with ongoing efforts to reinforce Gulf economic cooperation, in accordance with the directives of GCC leadership. He highlighted the significance of the address delivered by His Highness the Amir Sheikh Meshaal Al-Ahmad Al-Jaber Al-Sabah during the 45th GCC Supreme Council session, which laid out a strategic roadmap for the next phase of regional integration.

He stressed that the GCC possesses substantial economic and investment capabilities that position it as a leading destination for global investors. To fully capitalize on these strengths, he said, the bloc must accelerate efforts to harmonize economic policies, stimulate growth, and enhance the transparency and competitiveness of the regional investment climate—especially amid evolving global economic challenges.

“The current landscape is marked by rapid transformation and heightened economic pressures,” Sheikh Abdullah said. “This requires innovative strategies to attract foreign direct investment, along with continuous development of regulatory and legislative frameworks that support economic diversification and investment efficiency.” Also speaking at the meeting, GCC Assistant Secretary-General for Economic and Development Affairs Khaled Al-Sunaidi conveyed his gratitude to His Highness the Amir for his steadfast support of collective Gulf initiatives and his commitment to advancing economic integration.

Al-Sunaidi stated that the meeting reaffirmed the GCC’s dedication to fostering deeper investment cooperation and aligning strategies to bolster intra-GCC investments. He emphasized that such coordination will help unlock the region’s full economic potential and contribute to the realization of long-term development visions. In closing, the undersecretaries reiterated the importance of strengthening mechanisms for joint collaboration, unifying regional efforts, and driving sustainable development. They pledged to maintain the momentum toward greater economic cohesion and innovation across the GCC.— KUNA