Low oil prices might shelve Gulf mega projects | GulfNews.com:
"Current sliding oil prices are not causing many economists to worry yet about the effects in the Arab Gulf region, and they do not perceive it as a prelude to a major oil price crash.
However, many of the economists and oil experts believe the continuous price falls could lead to a review of some mega projects in the region. They do not expect this to affect any ventures that generate job opportunities in the region, where nearly more than half of the population is under 25 years and youth unemployment is considered a major issue.
“Oil prices are not expected to stabilise or go upwards,” Dubai-based economist Nasser Al Saidi told Gulf News. “Most of the reports and forecasts predict that the prices would range between $85 and $95 [per barrel] in the next three years.”"
'via Blog this'
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