Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

Internationally known as the GCC (Cooperation Council for the Arab States of the Gulf).

 

Gulf Countries, born 41 years ago, aim;

 

Customs union in January 2003

Common market by 2007

Common currency by 2010[17][18][19][20]

 

6 countries, each with different commercial dynamics from the other, are the favorites of exporters (sometimes a sweet scourge) with a GNP of 2 Trillion Dollars in total and a national income of approximately 28 thousand Dollars per capita.

 

The lion’s share (49% of total GNP) belongs to Saudi Arabia.

UAE comes next (25%). Among them, Bahrain is the most indebted.

Inflation in the region is at extremely reasonable levels of ca. 1-3%.

 

GCC is a rising export market especially in the fields of Life Science – Lab – Medical Products, Biotechnology, Agrofood, Renewable Energy, Waste Water Management, Bathroom – Bedroom Textiles, Office Furniture and Aromatherapy.