UAE’s Commitment to GCC Economic Integration Highlighted at Trade and Industry Meetings

UAE’s Commitment to GCC Economic Integration Highlighted at Trade and Industry Meetings

Dubai, UAE – 2 November 2024: His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology, led a delegation from the UAE at the 53rd meeting of the Gulf Cooperation Council’s (GCC) Industrial Cooperation Committee in Qatar. This pivotal gathering reflects the UAE’s ongoing commitment to strengthening ties with GCC member states and advancing sustainable economic integration across the region.

The meeting saw the participation of prominent officials, including His Excellency Dr. Thani Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and His Excellency Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology (MoIAT). They discussed significant initiatives related to GCC Industrial Cooperation, including the establishment of standards to define Gulf products and a comprehensive whitepaper on industrial integration among member nations.

Key Highlights:

  • Strengthening Economic Ties: The discussions underscored the necessity of enhancing collaboration among GCC countries to improve economic integration and trade relations. The delegates emphasized the critical role of advanced technology in driving industrial innovation and development within the Gulf.
  • Recognition of Industrial Excellence: A key feature of the meeting was the Gulf Industrial Excellence Award, which honored several companies for their exceptional contributions to the industrial sector, underscoring the importance of sustainable development and technological advancement.
  • Leadership Commitment: Dr. Al Jaber conveyed greetings from the UAE leadership, emphasizing their commitment to fostering strategic partnerships that enhance industrial growth. He stated, “The GCC has created a model for strengthening economic and development partnerships while also enhancing private sector participation in sustainable economic growth.”

Bilateral Meetings: On the sidelines of the committee meetings, Dr. Al Jaber engaged with Qatar’s Minister of Commerce and Industry, Sheikh Mohammed bin Hamad bin Qassim Al Thani, exploring avenues for industrial integration. He also met with His Excellency Abdullah Fakhro, Minister of Industry and Commerce in Bahrain, to discuss upcoming initiatives, including the Industrial Technology Transformation Index (ITTI).

Future Initiatives: Looking ahead, the UAE Ministry of Industry and Advanced Technology remains dedicated to enhancing the role of the industrial and technological sectors in the national economy, focusing on strategic partnerships with the private sector to ensure sustainability and competitiveness.

This meeting reinforces the GCC’s role as a pivotal player in the region’s economic landscape, promoting collaboration and innovation essential for achieving the ambitious goals set forth by the member states.

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