AGT 302-1 - Business Practice in UAE and GCC worked out of o Flag question The member countries of the Gulf Co-operation Council (GCC, consisting of Qatar, the UAE, Kuwait, Bahrain, Saudi Arabia, and Oman) are expected to post robust growth over the next decade both in terms of population and GDP. By 2020 the GCC population is forecast to reach 53.5m, a 30% increase over the level in 2000. Over the same period, the region's real GDP is expected to grow by 56%. Nominal GDP, which was US$341.6bn in 2000, is forecast to soar to over US$1trn in 2010 and US$2trn in 2020. Although the economic forecast is positive, it carries a risk: that unmanaged growth will bring negative side-effects such as power shortages and soaring prices, in particular for food. Some GCC states are already experiencing sporadic shortages of electricity and gas, while water supplies are already strained and food shortages loom as risks for an import-dependent region. A key challenge for the Gulf in the next decade therefore will be to manage energy, water, and food resources to ensure both high living standards and sustainable growth in the long term. Explain how GCC dealing with the Quality and performance measurements for its countries. Innt curame