Thursday, 28 January 2010

Gulf Gap in Davos Belies Booming Saudi Arabia, Qatar Economies



The program for this year’s World Economic Forum in Davos features no speakers from Qatar, Dubai or Abu Dhabi in any of the conference’s 230 events. Five spots are occupied by Saudis and four by Kuwaitis.

“I think the absence of the Middle East is quite conspicuous,” said Ibrahim Dabdoub, chief executive officer of the National Bank of Kuwait, interviewed in the conference center in the Swiss village. “It’s a pity that Gulf involvement is so low.”

Especially for anyone looking to make money. Six weeks after Dubai almost defaulted on $4.1 billion in debt, the region as a whole is set to prosper.

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