GCC won’t let war fallout derail long-term reforms: Al-Jadaan

Saudi Arabia's Minister of Finance Mohammed Al-Jadaan said GCC countries will not allow the repercussions of the Iran war to undermine their long-term reform and investment plans.

Speaking at an International Monetary Fund seminar today, Al-Jadaan said he believes Qatar is signing investment agreements, and so are the UAE and Saudi Arabia. 

He added that there is a clear determination within the GCC not to let the war fallout to disrupt their reforms, investment plans, and the structural changes they need over the long term.

The minister noted that he does not expect a rapid recovery from the Iran war, even if military operations were to cease entirely.

He affirmed that the war has not disrupted daily life in Saudi Arabia, highlighting that schools and businesses remain open and that life continues as normal, with consumption on the rise.

Al-Jadaan stressed that any agreement reached to resolve the crisis must be sustainable to prevent a recurrence, noting that the Kingdom is taking measures to ensure preparedness in case the war takes longer to end than anticipated.

He emphasized that resilience is not built during shocks, but rather during good times, adding that Saudi Arabia’s investments in the East-West pipeline over the past 40 years have enabled exports of 5 million barrels per day, with the pipeline now operating at full capacity.

He added that the pipeline was operating at only 20% capacity before Feb. 28, 2026, but is now being utilized at maximum capacity, serving as a vital lifeline for the global economy.