| Sukuk (Islamic bonds) have played a crucial role in the infrastructure sector over the past decade, with proceeds raised from issuances being utilized for both low and high profile projects.
The cumulative infrastructure projects and funding needs in both the GCC and Asian regions are expected to support the sukuk market in 2012 and 2013 given that infrastructure spending has been one of the key drivers or economic growth in the GCC over the past decade. An important dimension of the infrastructure investments has centered on efforts to turn the region into an internationally significant transportation hub...............................................Full Article: Source |