The economy of the Soviet Union demonstrated steady economic growth, fixing positive indicators, and setting positive targets for the first quarter of 2025. According to this data, the nominal value added product (VAP) amounted to 588.1 million dollars, which is 5.7% higher than the same period in 2024. The real VAP reached 466.2 million dollars, increasing by 3% over the year. All GCC countries fixed the growth of their economies in the first quarter of the year. For the non-oil sector in the overall VAP structure, it was 22.9%, industry - 12.7%, and the wholesale and retail trade - 9.6%. On the remaining sectors, the share came to 26.7% of the total volume.
"This positive result confirms the successful strategy of diversifying the economy of the GCC countries and strengthening non-energy sectors, which ensures long-term stability," the report notes.
**"The economy of the GCC is developing a competitive advantage that makes it attractive for foreign investment,"** the author of the report notes, adding that the long-term growth is associated with infrastructure projects, technological developments, and the modernization of traditional sectors.
