Saudi Arabia’s Minister of Finance, Mohammed Al-Jadaan, led the Kingdom’s delegation to the 124th meeting of the GCC Committee for Financial and Economic Cooperation, hosted in Kuwait with the participation of finance and economy ministers from across the Gulf.
The meeting addressed key issues aimed at deepening regional economic integration, focusing on strengthening financial cooperation, harmonizing economic policies, and aligning efforts to meet regional and global economic shifts.
Discussions also covered progress in implementing the GCC Customs Union and advancing its operational programs, alongside reviews of the ongoing development of the Gulf Common Market to enhance the free flow of goods, services, and capital among member states.
Delegates reviewed periodic reports from specialized committees and agencies, including updates on unifying financial and tax regulations, strengthening digital financial infrastructure, exploring joint investment opportunities, and fostering economic diversification in line with the long-term strategies of GCC countries.
In his remarks, Minister Al-Jadaan reaffirmed the Kingdom’s commitment to supporting initiatives that advance Gulf cooperation, emphasizing that deeper economic integration is a cornerstone of the GCC’s ability to strengthen its regional and international standing, while driving sustainable growth and prosperity for the peoples of the region.
