Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi has said that GCC states have ambitious development plans on technology and digital infrastructure.
In a speech delivered at the 7th Indian Ocean Conference in Perth, Australia, on Saturday he also mentioned the economic and trade relations between the GCC states and members of the Indian Ocean Rim Association (IORA), underlining the strategic importance of the Indian Ocean region for the Council.
He highlighted the progress achieved by the GCC in critical sectors of the Indian Ocean region, such as renewable energy and digital infrastructure. Furthermore, Albudaiwi pointed out how these sectors can serve as models for regional cooperation. He also addressed the significance of fuel and mineral oils, constituting 72.3% of the GCC's exports to IORA countries, with a total value of $215 billion.
The Secretary General emphasized the potential of green technologies and innovations in the sectors led by the GCC states to contribute to efforts across the Indian Ocean region.
Additionally, he underscored the importance of developing digital economies to complement the physical trade of essential commodities, including fuel, oils, and precious metals. He also urged for innovation in digital transactions and e-commerce throughout the region.
The Secretary General reaffirmed the commitment of the GCC states to leverage their strategic position, technological advancements, and economic resources for the mutual benefit of the Indian Ocean region. He highlighted the significance of cooperative efforts to address common challenges and seize opportunities for growth and innovation.
