Analysis

Summit signals collaboration between GCC and ASEAN countries
OBG
plus

Trade between the Association of South-east Asian Nations (ASEAN) and the GCC has grown in recent years, as economies in both regions seek to capitalise on mutually beneficial opportunities, and diversify their trade and investment partners. Indeed, trade between the GCC and Asian countries classified as emerging and developing by the IMF increased 35% from $383bn in 2021 to $516bn in 2022, according…

Analysis

Localisation efforts in GCC create jobs for nationals
OBG
plus

GCC countries have been actively pursuing workforce nationalisation policies to reduce their reliance on expatriate workers and create sustainable employment opportunities for their growing local populations. Notably, Saudi Arabia has set ambitious workforce nationalisation targets as part of Vision 2030 and for socio-economic transformation. By the first quarter of 2022 the Kingdom had achieved a…