Southeast Asian economies have signalled their readiness to allow more investments from the Gulf region in sectors such as technology, artificial intelligence and renewable energy, as they look to diversify growth and shield themselves from the impact of US tariffs.
In return, the six-member Gulf Cooperation Council (GCC) is seeking partners beyond the Middle East to tap its oil wealth as part of its efforts to play a greater role in global growth.
Southeast Asia’s economies have been reeling since April, when US President Donald Trump announced sweeping “reciprocal” tariffs to be imposed on Washington’s global trade partners. With their exports to the world’s largest…