Gulf Cooperation Council

The Gulf Cooperation Council (GCC) was founded in May 1981 to facilitate cooperation in the economic and security fields.

  • Comprises Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman and Bahrain
  • Controls 40% of the world’s total proven oil reserves and 22% of the world’s proven gas reserves
  • Population of 36 million
  • Hydrocarbon revenue made up 86% of its budget and 77% of its export revenue in 2006
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