Tuesday, 5 May 2009

GCC to be world's fifth largest economy

The Gulf Cooperation Council (GCC) is on track to be ranked the world’s fifth biggest economy by 2018, a senior government minister said yesterday.

Addressing a session on the second day of the annual Doha Forum on Democracy, Development and Free Trade, Qatar's Minister of Economy and Finance HE Yousef Hussein Kamal said: “I say that the GCC will be the fifth biggest global economy by 2018 because when you take all the six countries and when you have all these resources and with right planning you can do it.”

At the national level, he said Qatar was investing in developing human capital and “leaders of innovation.

1 comment:

  1. As they say in many languages
    Talk is cheap
    or in Egyptian dialect
    Talk is free.

    5th largest, if NAFTA becomes an "economy"
    Eurozone considered an economy, and Shanghai Pact or BRIC and economy, and Japan on its own.
    Africa 6th largest, or 7th after Middle East exGCC.

    ReplyDelete