- Sputnik International
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

UAE PM Urges Gulf States to Lead Economic Revival of Arab Countries

© REUTERS / Steve CrispHeavy fog rolls by early in the morning near the Dubai Marina, United Arab Emirates
Heavy fog rolls by early in the morning near the Dubai Marina, United Arab Emirates - Sputnik International
The Arab countries should develop a joint strategy to tackle regional challenges, carry out major projects and encourage more efficient use of both human and natural resources.

Dubai by night - Sputnik International
UAE to Triple Spending on Research, Double Number of Employees by 2021
DUBAI (Sputnik) — The prosperity and growth in Arab countries is dependent on the region’s economic revival, led by the Gulf Cooperation Council, the United Arab Emirates (UAE) vice president and prime minister said in a statement.

"Serious steps must be taken to achieve economic integration in the Gulf so as to ensure the stability of the whole region. I am confident that the future of the Arab World is dependent upon realising a great developmental and economic revival, led by the Gulf States, and in cooperation with our brother nations," Sheikh Mohammed bin Rashid Maktoum, who is also emir of Dubai, stated in his statement issued Saturday.

According to the official, the Arab countries should work out a joint strategy to tackle challenges facing the region, carry out major projects and encourage more efficient use of both human and natural resources.

Map of Strait of Hormuz - Sputnik International
Iran Blasts UAE’s Repeated Territorial Claims Over Three Islands
"We must address the imbalances of the region in a comprehensive manner, covering economics, politics and security," he said, commenting on the ways to achieve sustainable growth and development.

The Gulf Cooperation Council is a regional intergovernmental economic union consisting of the Arab states of the Persian Gulf. Its members are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.

The UAE is one of the leading powers of the region in terms of economic diversification and gross domestic product (GDP) per capita index. At present, the members of the council are jointly assisting neighboring states, in particular Egypt, to revive their economies by providing grants, loans and petroleum products.

To participate in the discussion
log in or register
Заголовок открываемого материала