Stimulating the GCC’s Economic Diversification by Facilitating Trade
Due to the drop in oil prices in 2015, the value of GCC exports reduced significantly, causing the trade balance surplus to diminish. In consequence, GCC countries have had to concentrate on improving the trade balance by focusing and investing more in non-oil industries, thus improving the non-oil Gross Domestic Product (GDP) of the country.
The healthy way to retain and improve trade surplus is by enhancing the country’s export environment. But which obstacles in trade and infrastructure-related logistics currently exist and how to resolve them?