Financial Daily from THE HINDU group of publications
Tuesday, Jan 24, 2006


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Industry & Economy - Infrastructure


`Oil boom in the Gulf will throw up $1 tr surplus capital'

Our Bureau

Kolkata , Jan. 23

THE oil boom in the Arab countries will lead to the generation of $1 trillion investible surplus capital (both private and public) in the region, and a massive capital investment programme was expected to be laid out in areas such as oil and gas exploration, construction, engineering, transportation, hotels, education, logistics etc.

This was stated by Mr Faysal Abou Zaki, Deputy Editor-in-Chief, Arab Business Magazine, Lebanon, while delivering his speech at the just concluded CII Partnership Summit 2006. Mr Zaki, speaking at a Round Table meet on `Economic diversification and political reforms in the Arab world - Impact on India', said this offered a tremendous opportunity for Indian companies looking at investing abroad, particularly in the Arab world. In his opinion, companies with massive surplus would be looking for acquisitions abroad, and that there was strong likelihood of them seeking out projects in India, especially in the hotel and tourism sectors.

India, Mr Zaki pointed out, besides increasing trade with the Arab countries, also needed to attract FDI from the region. "India should see the Arab market as a strategic market."

Mr Prashant Gulati, Hon. Secretary, Indian Business and Professional Council (IBPC) invited the Indian companies to raise capital in the UAE.

More Stories on : Infrastructure

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Kerala Chamber to host Gulf investors meet in March


Power reforms to be thrust area: PM
Inflation outlook uncertain on rising oil prices: RBI
Opening eyes and mindsets
Special pharmacy for HIV infected in Pune
RITES to prepare blueprint for rail, road infrastructure for Paradip port
`Oil boom in the Gulf will throw up $1 tr surplus capital'
IOC's Paradip-Haldia pipeline commissioning may be delayed
Visakha box terminal throughput reaches 1,00,000 TEUs
ONGC set to start deepwater projects in K-G basin by June
Russia keen to supply nuclear plants to India
US-India tax practitioners seek alternate dispute resolution
TN Govt urged to revoke ban on toddy tapping
TN Govt committed to taking over cable TV MSOs: Jayalalithaa
Dr Fixit Institute, US body tie up
`Realtors may have to focus on non-metros'
Architectural outsourcing - drawing a new design
Easier textile gear import norms likely
`Power, roads good investment sectors for Japan in India'
Amex's security product targets frequent travellers
2-day ICAI seminar in Mangalore from Jan 27
`Efficiency in usage, R&D vital for energy independence'
DST ties up with UNDP for entrepreneurial development scheme
Hotel, travel, tourism sectors — Govt plugs loophole in car imports under EPCG scheme
FICCI calls for fast-track dispute resolution mechanism
Exporters to meet PM on grievances
Kerala Tourism's new `monsoon campaign'
New chief for ICSI Hyderabad chapter


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line