Can Gulf investment be a significant driver of economic development in the wider region?
- The countries that own so huge funds that they can invest it abroad
- In wich sectors do the invest?
- Repercussions of the financial and economic crisis
- The advantages for Gulf countries for investing in the wider region
Countries of the Arab Gulf benefit from the high incomes they get from the mining and the selling of natural oil and gas that the ground offers them. The high incomes, combined with their small population are the reasons that explain why the income per inhabitant is higher than that of the other states of the region. According to Bloomberg Agency, Gulf countries invested more than 150 billion dollars abroad in 2009. This investment was not limited to the Middle East area, yet Gulf investments represent a huge part of global investments in the wider region. Then in these conditions, can we consider Gulf investments as a significant driver of economic development in the wider region?