How friendshoring is transforming the Gulf into a global trade hub
Friendshoring companies establish supply-chain networks with countries that are considered political and economic allies. Why are Gulf nations doing it?
The Founder of Summit 7 Holding, with businesses centered around floating structures, hospitality, sports, and arts industries. He is the Managing Director and an Executive Director of his family businesses under the Fakhro group in Bahrain. The Group operates over 20 businesses in several sectors and represents global brands such as McDonald’s, Budget Rent-a-car, Honeywell, Exxon Mobil, Dunlop in Bahrain with offices in Kuwait, Saudi Arabia, Abu Dhabi, Dubai, Qatar, and Oman. A businessman, social entrepreneur, and philanthropist driven by a will to transform the way Bahraini and Gulf businesses perceive and deal with social impact.
Friendshoring companies establish supply-chain networks with countries that are considered political and economic allies. Why are Gulf nations doing it?
Global cooperation is increasingly imperative in a fragmented world. Accordingly, the GCC is seeking to build bridges and cooperate with diverse allies.
The rise of AI and the growth of e-commerce are among factors that will help states in Middle East diversify their economies and move away from oil and gas.

