What is the EU-GCC Dialogue on Economic Diversification Project?
The EU-GCC Dialogue on Economic Diversification Project is financed by the European Union through its FPI Partnership Instrument. The overall objective of the project is to contribute to stronger EU-GCC relations by supporting the GCC countries ongoing process of economic diversification away from hydrocarbon sector.
The project is addressing a number of key issues to support and enhance trade and investment links between the EU and GCC member countries.
The project has established an extensive network of stakeholders both in Europe and the GCC to discuss and co-operate on issues such as climate friendly trade and investment. Stakeholders include both public administrations and policy makers from both Europe and the Gulf and business and industry with an existing or potential interest in the GCC.
The promotion and networking of Small and Medium Enterprises (SMEs) including start-ups is a particular focus for project activities providing support to GCC stakeholders in SME promotion and networking between EU and GCC SMEs.
The project also proactively promotes the participation of women stakeholders from both the EU and GCC across all its activities through ensuring the participation of women in technical working groups, roundtables, training and study visits and through disseminating successful business cases of women entrepreneurs.
Scope of work
To support climate friendly trade, investment and economic affairs between the European Union and the Gulf Cooperation Council (GCC) at both regional and country levels in the context of the GCC economic diversification processes, project activities are focused around three output areas:
Output Area 1
Strengthening cooperation and dialogue between EU and GCC countries in the areas of Trade, Investment and Economic Affairs.
Output Area 2
Strengthening Policy analysis related to EU-GCC Trade, Investment and Economic Affairs.
Output Area 3
Ensuring a steady flow of enhanced information between EU and GCC stakeholders in the fields of Trade, Investment and Economic Affairs.”