Nearly a quarter of all properties sold in Europe in the first half of 2013 were as a result of foreign investors and the numbers look set to rise. Of this figure, Middle East investors totalled 9% and over 20% of cross-border transactions. The majority of business investment coming out of the Middle East tends to be state-run companies owned by the sovereign, who tend to be vastly wealthy. Of the Middle Eastern property investments, a huge portion was biased towards London which accounted for over half of their business transactions.
Nick Maclean, CBRE Middle East managing director, said: “London remains the destination of choice for foreign investors due to its solid growth potential and its status as a global financial hub, alongside its stable political environment and a transparent legal system, which are key for international and regional buyers alike.” London’s property market has survived relatively unscathed when compared to other European cities and so represents a solid investment as major redevelopment projects are underway in most London boroughs. Continue reading
With alternative energies such as shale being produced in countries typically seen as energy consumers, one might think that Saudi Arabia has got serious competition on its hands for the title of world’s greatest energy exporter. It’s certainly not helped by the fact that the country is consuming more of its own oil energy source, with numbers of barrels used per day expected to rise to 3.3 million from the current 2.1 million.
However, any relevant discussion of the future of the oil market would seem slightly foolish without including this sovereign nation. Though expansion plans for oil production are currently at a standstill, new projects are continually gaining momentum and investment that should ensure the country’s strong position in the future oil market. The man-made Manifa oilfield, comprising of several artificially constructed islands, contains 41 km of causeways and at least 3km of bridges and was built to the tune of $16 billion in 2009. A considerable amount of oil passes from this field to the oil market, and that’s unlikely to change. Continue reading
The world has been facing great environmental threats and the key cause is hydrocarbon and this has seen for environmentalists call for the Middle East to start making changes to become a “green” region. The key area in it is large energy industry, a sector that is now set to see the birth of renewable energy and the best alternation to power the region. Several nations in this region have started making the necessary steps to reform and go green. While a holistic answer to energy may have been given by the Middle East as a region in investing in renewable, Israel and Saudi Arabia are said to have a strong influence. They are viewed as the giants who will bring an impact when alternative energy is of concern. Continue reading
Those who are investing bulk proportion of the profit in business in the infrastructure sector in Middle East are really working on a challenging venture. This surely involves a lot of risk. But once you gain profit, it will be a great fortune for the investors, since there is sky rocketing development in this sector.
Earlier people used to invest a lot in energy related projects or in the mining sector in Middle East. In today’s world, infrastructure plays an important role in the growth of the nations economy. The investors in Middle East are planning to make a bulk investment of more than 150 billion dollars in the next ten years. In this type of long term investment, they try to gain a large amount of profit. This amount will be used to improve the day to day needs of people and also to increase employment opportunities for millions of people in Saudi Arabia, Dubai and kingdom of United Emirates. The government is planning to open several power plants in different nations of Middle East. There are also plans to start several waste water treatment plants in Gulf countries. Continue reading
When you use the term energy in Middle East, you will instantly think about the oil and natural gas exploitation. The process of energy production is surely not sufficient when compared to the energy consumption in various countries of Middle East. This can be easily checked from the demographics of Middle East. For instance, in countries like Iran, the primary energy usage will be around 2350 TWh and it will be 33 Twh/million. In countries like Saudi Arabia, it will be 1879 Twh and 76 Twh/million, which is considered to be too high. What kinds of measures have been taken by the government to curb this issue? Continue reading