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FINANCIAL NEWS
GCC States to produce USD114bn in profits by 2021
05 Feb 2017
(MENAFN) The GCC nations could generate USD114bn in profits and avoid USD165bn in capital spending by 2021 to promote the private sector.
Meanwhile, by increasing private sector involvement, the GCC States can achieve operational efficiencies of 10 to 20 percent, cutting budget deficits.
Accordingly, the Gulf nations could generate up to USD287bn from sales of shares in public-listed firms.
However, amid long-term challenges to sustainable economies like dependence on oil, increasing PSI through the establishment of public-private parnterships will be an ideal response.
MENAFN0502201700450000ID1095236899
MENAFN0502201700450000ID1095236899
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