Gulf Cooperation Council countries are paying more attention to new markets in east, west and southern Africa as a result of the continuing expansion of trade between the regions. This is according a report released by the GCC Economist Intelligence Unit in conjunction with Falcon and Associates.
The study, ‘GCC Trade and Investment Flows’, explores the economic ties of the GCC – which comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – with each world region and identifies major growth drivers.Key findings from the study show the GCC’s push into Africa is broadening by sector and geographical location. This is occuring especially in telecommunications and private equity in West Africa, as well as energy projects in South Africa and Mozambique, which show diversifying investment flows.
