Why the UAE, Qatar can expect to see 'flood of investment' after reconciliation - Arabianbusiness
The historic deal to end the regional dispute between the UAE and Qatar will see a “flood of investment” between the two countries, according to Scott Cairns, managing director of Dubai-based Creative Business Consultants.
The UAE was joined by Saudi Arabia, Bahrain and Egypt in signing the accord with Qatar on Tuesday in a mirrored concert hall in the northwestern Saudi town of Al Ula, during a summit of Gulf Cooperation Council (GCC) leaders.
It brings the regional split, which erupted in 2017, to an end.
In terms of the UAE, Cairns told Arabian Business that the agreement would have particular benefit for the country’s construction industry, which has been hit particularly hard by the coronavirus crisis and the drop in oil prices.
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