The Gulf Cooperation Council (GCC) is a political and economic union of Arab states bordering the Gulf. It was established in 1981 and its 6 members are the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait and Bahrain. The GCC’s prime geographical location is at the crossroads of the major Western and Eastern economies. The established and efficient air and sea connections and developed infrastructure make it a great place to establish and expand business.
Gulf Cooperation Council
Since the discovery of oil, the GCC region has undergone a profound transformation and is now home to some of the fastest growing economies in the world. Today, the governments of the GCC countries undertake successful efforts to diversify their economies away from dependence on hydrocarbon industries. These diversified growth sectors, such as finance, logistics, aviation, communications, healthcare and tourism provide abundant business opportunities. Liberal climates towards foreign cooperation, investment and modernization result in extensive diplomatic and commercial relations with other countries.