Global Economic Shifts Create New Partnership Opportunities, According To Al Zeyoudi At Forum

Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, attended the Gateway Gulf Investment Forum in Manama, Bahrain. This annual event focuses on global market uncertainties and geopolitical changes affecting the economic landscape. Al Zeyoudi participated in a session titled ‘Navigating Uncertainty in Global Markets’, discussing how tariffs and trade policies influence capital access and risk appetites, especially in the GCC.

During the panel discussion, Al Zeyoudi highlighted the GCC's appeal to global investors seeking stability and neutrality. He noted that the UAE leads in attracting capital, with record foreign direct investment (FDI) inflows in 2024. The UAE ranks second globally for new FDI projects. He emphasized that uncertain times present opportunities for bold investments in future sectors to expand trade.

The forum serves as a vital platform for government officials, business leaders, investors, and industry experts from GCC countries and beyond. It facilitates discussions on investment opportunities, economic trends, and regional cooperation. The event is crucial for showcasing the Gulf's economic potential and fostering cross-border partnerships.

Al Zeyoudi pointed out the UAE’s Comprehensive Economic Partnership Agreement (CEPA) programme as a key strategy against protectionism. This programme promotes policy predictability and transparency to benefit trading partners and businesses. Under CEPA, the UAE has completed 32 trade deals, with 13 already active. These agreements have significantly boosted non-oil trade and investment.

Non-oil exports with these 13 partner countries grew by 130% between 2021 and 2024, while overall trade increased by 81% during the same period. Al Zeyoudi stressed that strong partnerships and collective strengths can drive growth not only for the UAE but also for the entire GCC region.

Forum's Impact on Regional Growth

The Gateway Gulf Investment Forum plays a significant role in addressing challenges related to diversification and sustainable growth within the GCC. It aids in attracting foreign direct investment and supports broader economic diversification agendas across the region.

Sheikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy for Bahrain, along with Alderman Alastair King, Lord Mayor of London, joined Al Zeyoudi in discussing these critical issues at the forum.

The forum's importance lies in facilitating dialogue among stakeholders to enhance regional cooperation. It aims to attract investments that align with the GCC’s goals for economic diversification and sustainable development.

With inputs from WAM