CHENNAI, May 9, 2011
The emerging-market share of Gulf Cooperation Council (GCC) trade had reached 45 per cent by 2009, according to the Economist Intelligence Unit, up from 15 per cent in 1980. This share has been rising by an average of 11 per cent annually between 1980 and 2009, compared to only 5 per cent a year for GCC trade with OECD countries.
The region’s shift from developed to developing countries as trading and investment partners is explored in a new report ‘GCC trade and investment flows The emerging-market surge’ from the Economist Intelligence Unit (EIU), the world leader in global business intelligence. The research for the report, which was sponsored by Falcon and Associates, a Dubai-based company, focussed on trade and investment flows into and out of the GCC countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates).