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FINANCIAL NEWS
GCC Capital expenditure to boost to 8.2 pct in 2013
29 Sep 2013
(MENAFN) The GCC spending on capital projects cost USD112 billion last year, especially on infrastructure, according to Arab News.
Also, the countries’ GDP rose to 7.1 percent, compared to 4.2 percent in 2004.
Their capital expenditure is expected to register the highest share on record since 2009 reaching 8.2 percent as a result of implementing more projects in the countries.
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