The 3rd Arabian Gulf Cup was the third edition of the Arabian Gulf Cup. The tournament was held in Kuwait City, Kuwait, and was won by two-time defending champions and hosts Kuwait. The tournament took place between 15 and 29 March 1974. All matches were played at the Al Kuwait Sports Club Stadium.

The Arabian Gulf Cup, often referred to simply as the Gulf Cup, is a biennial football competition governed by the Arab Gulf Cup Football Federation for its eight member nations. The history of the competition has also seen it held every three to four years due to political or organisational problems. The reigning champions are Iraq, having won their fourth title at the 25th edition, as hosts, held in 2023.