Senior Saudi officials attending the annual investment forum sought to reassure foreign investors that conflicts in Gaza and Lebanon will not disrupt economic activities in the Gulf.
Khalid Al-Falih, the Saudi investment minister, emphasized that despite the regional conflict, the Gulf's economic prospects remain positive, indicating stronger tailwinds than headwinds.
Saudi Arabia aims to diversify its economy away from oil dependence, as the Crown Prince loosens social restrictions and the UAE normalizes ties with Israel for economic development.
Gulf states worry about the impact of ongoing conflicts on their economic diversification plans, fearing that instability could impede their growth potential.
#saudi-arabia #middle-east-conflict #economic-diversification #investment-forum #gulf-cooperation-council
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