December 2006
Finweek;12/14/2006, p70
The article reports that the huge flow of money to the Middle East due to high oil prices has launched developments in certain states that are attracting companies and investors worldwide. Building and construction projects in Abu Dhabi, Qatar and Saudi Arabia have just exceeded the $1000bn mark. The economy of the Gulf Co-operation Council members, including Saudi Arabia, Qatar and Kuwait, grew by 74% over the past three years, according to the Institute of International Finance.


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