02/03/2010 – APICORP’s Annual Review of the Arab Economic and Energy Investment Outlook: A Dim Light at the End of a Long Tunnel
In reviewing the economic and energy investment outlook of the Arab world our Jan-Feb Economic Commentary concludes by pointing to a dim light at the end of a long tunnel.
Although the credit and oil markets have stabilized, the speed at which redundant energy projects are likely to be brought back is still uncertain. The region’s investment recovery, will ultimately depend on the revival of global and domestic growth. Meanwhile, funding may not be fully restored yet. Not without lenders and investors being reasonably confident that severe delayed effects of the global financial crisis, of the sort experienced by Dubai, will continue to be contained should they happen again. (Economic Commentary Volume 5 No 1/2 – January/February 2010)