The new Asia Business Council report on the growing partnership between Asian and GCC economies highlights the two regions’ shared goals in trade, investment, energy security, and technological advancement. This confluence of interests, in addition to solidarity among Global South economies in both regions, has provided a solid foundation for deepening economic and political ties. Asian and Gulf economies are building on deeply rooted historical connections and revitalizing them through modern initiatives like China’s Belt and Road, positioning both regions for growth and stability.

Economic ties between Asia and the Gulf have grown substantially, fueling development in both regions. Key factors include the Gulf’s efforts to diversify its economy, Asia’s quest for energy security, and a growing alignment in broader geostrategic interests. This partnership now extends beyond trade and investment, encompassing the exchange of expertise, technology, and talent, as well as partnerships in new economic sectors.

Amid growing global uncertainties, both regions are motivated to broaden alliances and engage with new international partners. However, these efforts also underscore the challenges posed by global uncertainties and great power competition, particularly between the U.S. and China, which could impact their bilateral and multilateral relationships. The report aims to analyze these dynamics and provide insights into how Asian and Gulf economies are navigating opportunities and risks within an evolving geopolitical and economic landscape.