Alternative GCC economic strategies in the New World Order

He put an emphasis on the defensive investment strategy which aims at maintaining the volume of foreign investments in GCC countries.

"According to analyses and studies showing international investment flow trends and, we recognize that investment often leaves regions immersed in crises and complications to safer regions under internationally known risk standards" Al-Qassimi said.

"GCC economic departments have outlined many tactical points that can be applied under the Defensive Investment Strategy, which can aid in reducing or preventing foreign investments from leaving the region if the Iraqi crisis reaches its apex. One of these options is the possibility of referring to the classification of international assessment organizations (such as S & P or Moodies), which, during the past few months, raised the core credit grades of Bahrain, Qatar & Kuwait. This will help to promote the foreign investor's trust in GCC countries' economies and their relevant structures and capabilities to contain any consequences of the crisis" He added.

Sheikh Tariq Bin Faisal Al-Qassimi was signing a contract that outlined the construction of a new building in the Sharjah Emirate whose revenue shall go to the Islamic Republic of Comoros Islands.