GCC invests $120bn in oil and gas
14th Nov 2006, 09:20 GMT
Gulf countries will invest $120bn in the oil and gas sectors between 2006 and 2010, Gulf News quoted a senior Saudi official as saying. Saudi leads with investment worth $50bn planned, then Qatar($28bn), The UAE($19bn), Kuwait($13bn)and Oman($10bn), said Dr Bandar bin Salman bin Mohammad Al Saud, president of the Saudi Arbitration Group. [AMEInfo.com]
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