Finance Minister Mohammed Al-Jadaan led the Saudi delegation participating in the 124th meeting of the Financial and Economic Cooperation Committee of the Gulf Cooperation Council (GCC) held yesterday (Thursday) in Kuwait. The meeting was chaired by the Kuwaiti Minister of Electricity, Water and Renewable Energy, Minister of Finance, and Minister of State for Economic Affairs and Investment (Acting), Sabih Al-Mazayen, who is the current session’s chairman. The meeting included GCC finance ministers and the GCC Secretary-General, Jassem Al-Budaiwi.

During the meeting, the ministers reviewed several topics related to enhancing financial and economic cooperation among the GCC countries and followed up on developments to achieve this goal. In this context, progress made by the Customs Union Authority and the work agenda supporting the completion of the Customs Union requirements were discussed, along with a periodic report on the implementation of the GCC common market pathways.

Al-Jadaan also participated in the joint meeting between the GCC finance ministers and central bank governors with the Managing Director of the International Monetary Fund (IMF) on the sidelines of the 124th Financial and Economic Cooperation Committee meeting. They discussed the IMF-prepared paper titled “Enhancing Resilience to Global Shocks: Economic Outlook and Political Challenges for the GCC Countries (2025).”