GCC Common market yields 20,000 Gulf investors

Dammam, April 17, SPA -- The number of investors in the GCC member
states amounted to 20,000; around 40,000 citizens of the GCC member
countries possess real estates in other GCC countries; more than 550
stock companies have shareholders from different GCC countries and
more than 1500 joint ventures among the GCC nationals.

This came in a lecture delivered here yesterday by Dr. Abdulaziz
Hamad Al-Owaisheq, Director General for International Economic
Relations at the GCC Secretariat General.

Dr. Al-Owaisheq stated that the GCC countries pay great attention to
the experience of the European common market.

The GCC common market has contributed to reducing the cost of
production, increase of economic efficiency and increase of
competition which leads to price falls.
--SPA
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