Qatar Economic Outlook Issue Number 13

 

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Part 1: Economic Outlook 2021 - 2023 
43 
Al-Ula Summit Agreement
The year 2021 began with the holding of the 
41st Gulf Summit or the Summit of the 
Cooperation Council for the Arab States of 
the Gulf (2021) also called (Sultan Qaboos 
and Sheikh Sabah Summit), which was held 
on January 5, 2021 in Al-Ula Governorate in 
the Kingdom of Saudi Arabia. The Kuwaiti 
Foreign Minister announced the Al-Ula 
statement, according to which it was agreed 
to end the diplomatic crisis with Qatar. An 
agreement called Al-Ula was signed by the 
leaders of the delegations of the Gulf 
Cooperation Council, whose direct impact 
was the opening of airspace and land and 
sea ports, as Figure (1-11) indicates. 
Therefore, it is expected that this 
reconciliation will prepare the process of 
completing the elements of economic unity 
among the GCC states, as well as seeking to 
implement a number of joint projects among 
the GCC states, the most important of which 
are: 
1. Encouraging joint projects among the 
citizens of the GCC countries. 
2. Facilitating the movement of family, 
students, health care, employment 
and investment. 
3. News of the resumption of regional 
projects for electricity distribution 
networks, railways and gas 
distribution networks 
4. Enhancing cooperation in economic 
management, including the customs 
union and common markets. 
5. Consultation on achieving food and 
water security system 
6. Unifying visions regarding 
international issues regarding the 
environment, international trade, and 
geo-political issues 
 
Figure 1-11: Number of Arrivals to Qatar by 
ports in 2021
 
0
10
20
30
40
50
60
Ja
n
Feb
Mar
Ap
r
May
Ju
n
Ju
l
Au
g
Se
p
N
um
be
r o
f a
rriav
els
(000
)
Sea
Land
Air
Source: Planning and Statistics Authority

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