{"id":7485,"date":"2009-09-24T12:24:00","date_gmt":"2009-09-24T11:24:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2009\/09\/24\/gulf-investment-becomes-unsure\/"},"modified":"2026-08-27T14:33:31","modified_gmt":"2026-08-27T13:33:31","slug":"gulf-investment-becomes-unsure","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/middle-east\/gulf-investment-becomes-unsure\/","title":{"rendered":"Gulf investment becomes unsure"},"content":{"rendered":"<p>Many port projects were planned when oil was making $147 per barrel; the current price is nearer to $70 per barrel.<\/p>\n<p>Governments in the region generate approximately 80% of revenue from oil-based exports. Container terminal projects are particularly vulnerable, given that there is now a capacity surplus in the region as the number of containers being shipped has declined significantly.<\/p>\n<p>At least 35 ports have announced projects, although work is under way in just 12.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Declining oil revenues and the current economic downturn could put at risk $40bn of investment planned in ports and terminals across the Gulf region.<\/p>\n","protected":false},"author":8,"featured_media":7486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"sponsor":[],"class_list":["post-7485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=7485"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7485\/revisions"}],"predecessor-version":[{"id":7487,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7485\/revisions\/7487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/7486"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=7485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=7485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=7485"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=7485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}