KUWAIT, Sept 30 (KUNA) -- Under the State of Kuwait's presidency of the Gulf Cooperation Council, Kuwait Direct Investment Promotion Authority (KDIPA) hosted Tuesday the fourth meeting of the Committee of the GCC Investment Undersecretaries.
KDIPA said in statement to KUNA, the meeting, attended by representatives from GCC member delegations and the General Secretariat, reflects a shared responsibility to strengthen economic and investment integration, reaffirming that decades of cooperation and integration have remained fundamental pillars supporting the Council's regional progress.
Assistant Director General for Investment Operations at KDIPA and Committee Chair Sheikh Abdullah Sabah Humoud Al-Sabah, stated that accelerating global challenges require building a unified GCC investment and trade framework responsive to international economic shifts and sustainable development goals.
Sheikh Abdullah further explained that investment is no longer confined to traditional or oil sectors, emphasizing emerging opportunities in the digital economy, artificial intelligence, and cloud services, which expand international partnerships across Central Asia and Europe and provide broader access to promising markets.
The meeting highlighted the Investment Promotion and Integration Committees' efforts in preparing comprehensive three-year work plans with clear objectives and measurable performance indicators, ensuring that GCC strategies will translate into tangible results across member states and key investment sectors.
Assistant Secretary General for Economic and Development Affairs at the GCC Secretariat Khalid Al-Sunaidi expressed gratitude to His Highness the Amir of Kuwait, Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah, for supporting GCC joint action and fostering deeper economic integration across member states.
Al-Sunaidi also thanked Sheikh Abdullah Sabah Humoud Al-Sabah for organizing the meeting, noting that participants discussed key issues, approved executive work plans for technical committees, and explored mechanisms to strengthen collaboration with international partners in the investment field.
In conclusion, the GCC investment undersecretaries affirmed that the meeting outcomes will advance the trajectory of economic and investment integration, consolidate the Council's position as a regional economic power, and strengthen its role as a trusted partner in international economic policy. (end) fh.ahm