The World Bank's GCC Economic Update Report was launched with a celebration hosted by Mohammed Bin Salman Nonprofit City's HENA Center.
The importance of high-quality education in fostering sustained economic growth in the GCC nations is covered in the paper.
Research suggests that the GDP of GCC countries will increase by 4.7% in 2025 while it will be by only 2.8% by 2024.
"Riyadh, May 30, 2024." The Gulf Cooperation Council (GCC) Economic Update Report, published by the World Bank, was unveiled today in Mohammed Bin Salman Nonprofit City's HENA Center. One of the Saudi Vision 2030 Realization Programs, the Human Capability Development Program, was present to express its gratitude for the occasion. During the inaugural ceremony, attendees offered an overview of the economic advancements that have occurred in the GCC countries and discussed the role that high-quality education has in fostering long-term economic success. We discussed the paper \"Unlocking Prosperity: Transforming Education for Economic Breakthrough in the GCC for 2024.\" In essence, the GCC countries' economies are forecasted to increase by 4.7% in 2025 and 2.8% in 2024, based on research data. Also, a comparison is drawn between the academic achievements and results of students in GCC countries and similar countries in terms of their level of wealth. The study concludes that countries within the Gulf Cooperation Council have strategies to use in the cause of lifting the bar for learning and education. Among these are the early acquisition of foundational skills, thought to form a cornerstone for the eventual development of critical talents.
