INTHEBLACK August 2025 - Magazine - Page 19
Geopolitical pressures are
contributing to the Gulf States’
growing trade ties with Asia.
The trade relationship between
the Gulf States and Asia has
deep historical ties. At a time
of geopolitical shifts, it offers
real economic opportunities,
as well as some risks.
Words Cameron Cooper
Trade is flourishing in non-oil
sectors, including construction
and renewable energy.
The Gulf States and China are
gradually turning away from the
US dollar for trade settlements.
ONCE CONNECTED BY ANCIENT SILK ROAD TRADE
routes, Asian countries and the Gulf States are forging new economic
alliances driven, this time, not by spices and silk, but by construction,
energy and technology deals.
The rewards on offer are massive potential windfalls for governments,
entrepreneurs and investors as Gulf Cooperation Council (GCC)
nations — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the
United Arab Emirates (UAE) — seek to expand their political and
trade ties beyond the West.
Alexandre Kateb, an economist and founder of business intelligence
platform The Multipolarity Report, says there has been a clear
intheblack.cpaaustralia.com.au 19
