Sukuk Key to Help Finance $1.9 Trillion GCC Spending Plans – S&P - Middle East Real Time - WSJ

Sukuk Key to Help Finance $1.9 Trillion GCC Spending Plans – S&P - Middle East Real Time - WSJ:



"Facing an estimated mammoth $1.9 trillion in infrastructure spending needs by 2030, Arab Gulf countries will increasingly need to tap capital markets, especially Islamic bonds, as the domestic banking sector may not be able to shoulder the burden alone, according to Standard & Poor’s.



The United Arab Emirates, Qatar and Saudi Arabia are among the six GCC countries that are planning to pour in billions of dollars in new mega-cities, roads, airports, ports and oil & gas infrastructure. In addition, the U.A.E. and Qatar are organizing the World Expo 2020 and FIFA World Cup 2022, respectively, requiring even more funds."



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