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FINANCIAL NEWS
GCC States to save USD165bn in capital spending by 2021
31 Jan 2017
(MENAFN) GCC states can avoid USD165bn in capital expenditure by 2021 if they increase the involvement of private sector in their economies.
Moreover, the nations could also produce USD114bn in incomes from sales of utility and airport assets, and up to USD287bn from sales of shares in listed firms.
Additionally, with more private sector participation (PSP), these nations can achieve operational efficiencies of 10 to 20 percent.
Currently, the GCC nations have been facing some challenges to the sustainability of their economies, which involve a high dependence on oil for government revenues.
MENAFN3101201700450000ID1095226902
MENAFN3101201700450000ID1095226902
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