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GCC infrastructure projects need new fund sources

Posted on 21 December 2009

From Khaleejtimes.com: Infrastructure spending is still a major growth driver in the Gulf Co-operation Council countries, with current projects valued at a whopping $2.6 trillion, but alternative funding schemes need to be explored as the global economic crisis is stifling commercial lenders, experts said.

While other parts of the world are re-thinking infrastructure investments due to the downturn, the GCC is continuing its massive infrastructure spending, Dr Nasser Al Saidi, chief economist of the Dubai International Financial Centre Authority, said at a recent conference…………………………………Full Article: Source

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