GCC set to invest $968b 
in 1,638 new projects

Over the next decade, the GCC countries, underpinned by record high oil revenues, are planning 1,638 major projects worth more than $968 billion across various sectors, Kuwait Financial Centre, or Markaz, said.

Over 80 per cent of these projects are construction, infrastructure and petroleum industry related projects, the report said.

“The continued buoyancy of oil prices has allowed the GCC states to maintain their commitment towards continued investment in projects for growth and development,” the report said.

http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/business/2011/December/business_December505.xml&section=business

 

Article by Links Group on Dec 28th 2011
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