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FINANCIAL NEWS
Mena construction sector to spend $600b
04 Oct 2010
(MENAFN) A report conducted said that the MENA construction and infrastructure sector is the second leading emerging market after China, it is anticipated to spend a total of $600 billion by 2013, Gulf Daily News reported.
The continuing outlook for the MENA construction sector stays unchangeable where contractors carry on grappling with the aftershocks of the fall down of the Dubai construction market.
The contractors need to expand away from Dubai and this need is met with the wait-and-see strategy.
Investors wishing to buy the MENA construction theme have a choice of three regional stocks: Arabtec, DSI and OCI; the most liquid being Arabtec, followed by OCI then DSI.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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