GCC commits $15bn to ports
10 Jan 2012
Ports in the Middle East Gulf are set to spend $15bn over the next five years in boosting capacity.
Although trade with Western Europe and North America has declined because of the recession, business within the Gulf Cooperation Council region itself and with emerging markets continues to grow at double digit rates.
Analysts EC Harris has stated that the GCC region is now the most attractive in the world for port projects.
