Central Asia and Gulf Countries Seek Economic Synergy Through Cooperation

Nurmyrat Mommayev
Central Asia and Gulf Countries Seek Economic Synergy Through Cooperation
Central Asia-GCC Summit, July 19, 2023, Jeddah, Saudi Arabia (Photo: MFA of Saudi Arabia)

Cooperation between the countries of Central Asia and members of the Gulf Cooperation Council (GCC) is important for several economic, political, and strategic reasons. Cooperation promotes friendly relations between the countries of these regions and helps them work together to achieve common goals. Some of the important reasons for cooperation include:

  • Energy resources and economic cooperation: The Gulf Cooperation Council countries (Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, the United Arab Emirates, Bahrain, and Oman) have abundant oil and natural gas reserves. Central Asian countries also have significant energy resources. Therefore, cooperation in energy production and trade contributes to the economic development and energy security of the countries.
  • Trade and Investment Opportunities: Due to their rich natural resources and strategic location, Central Asian countries offer a wide range of investment opportunities. GCC member states can strengthen economic cooperation and create profitable trade partnerships by investing capital and technology in projects in these countries.
  • Infrastructure and transport: Cooperation between Central Asia and GCC member countries can help increase the region's trade potential by supporting transportation and infrastructure projects. The development and integration of transportation lines can facilitate the movement of goods and services.
  • Cultural and social interaction: Cultural and social interaction between the two regions leads to increased mutual understanding and friendship between people, which can contribute to stronger diplomatic relations based on mutual respect.

Cooperation between Central Asia and the Gulf Cooperation Council countries can lead to economic growth, regional stability, and a strategic partnership based on shared interests. This cooperation can help address common challenges and bring positive effects to the region and the world.

 

Nurmyrat Mommayev,

PhD Candidate at Marmara University's Department of Political Science and International Relations in Istanbul, Türkiye

2022