Saudi Arabia, UAE seek to rank among top 10 economies globally: Abu Dhabi Crown Prince

Crown Prince Mohammed bin Salman bin Abdulaziz and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan co-chaired the second meeting of the Saudi-UAE Coordination Council in Abu Dhabi, Saudi Press Agency reported.

Sheikh Mohammed bin Zayed highlighted the strong relations between the Kingdom and UAE, adding that the formation of the council paved the way for achieving positive results.

"We have 20 common areas of development in the fields of economy, security, human development among other,” he stated.

He added that Saudi-UAE economy ranks 16th on the global level, noting “we can work together to become one of the top 10 economies in the world”.

He also said that foreign investments currently exceed $250 billion in various economic sectors, stressing that investment funds rank first in the world.

“We will increase our investments to be one of the top ten countries to invest globally,” he added.

Crown Prince of Abu Dhabi also said that both countries’ financial markets exceed $720 billion, and they seek to be one of the top ten financial markets in the world.
 

“This unique model of integration is not only beneficial to both countries, but also boosts the cooperation among the Gulf Cooperation Council cooperation. It provides an exceptional model for Arab cooperation and puts the two countries in a distinguished position on the map of global alliances,” Abu Dhabi Crown Prince concluded.