IslamicFinance.de

Bank of Amercia/Merrill Lynch released a report about GCC 2020 looking at the core trends of modernising infrastructure, growth and decoupling from oil and that the region should look towards higher value added sectors. "First, and most immediately, we believe heavy investment in petrochemicals will now begin to see improving returns due to their global competitive advantage. Second, we believe a shift will require an ongoing need to invest in regional infrastructure. Third, we see a social and economic need for a growing middle class, supporting the growth of consumer sectors. Our message: own Saudi petchems, own GCC builders and building materials, own Saudi and UAE consumer plays, own Saudi banks."