Heba Mohsen
The Board of Directors of the Bahrain Chamber of Commerce and Industry, on behalf of the courier, stressed the need for Bahrain and the UAE to take the lead in the gradual unification initiative of policies and regulations, with a focus on strategic sectors such as food security and digital trade, calling on other council countries to join as their willingness.
Al -Sa’i considered, during his participation in the Bahrain -Emirati Business Forum, that achieving the dream of the unified Gulf market requires the removal of organizational and legislative obstacles, noting the high integration between Bahrain and the UAE at the level of the public and private sectors, which enhances the opportunities for joint progress.
He stressed the importance of facing the global challenges facing supply chains, pointing out that the recent delays will have a future impact, in light of the adoption of many countries national strategies that re -draw the map of globalization.
Al -Sa’i pointed out that the Gulf Cooperation Council countries stand today in front of a crossroads, as the special interests of some countries hinder the course of integration and limit the ability of the private sector to keep pace with common aspirations. He called for removing barriers and facilitating the transmission of goods, to counter global variables.
He indicated that Bahrain is witnessing expectations for the growth of local product by 64.7% during the next decade, while the Gulf GDP is expected to increase from 3.3 trillion dollars in 2023 to $ 4.5 trillion in 2035.
Al -Sa’i concluded by inviting an invitation to move from the waiting stage to implementation, saying that progress should not be hostage to consensus, but rather is led by ambitious initiatives and practical preparation.
