Finance Sector

Oil boom in the GCC countries correlated with the council’s adoption of many plans aiming to attract investments to the region. Though the last three decays witnessed gulf investors headed to invest in other countries, and the spread of (petro-dollars) phenomenon which is a mechanism to circulate the Gulf petroleum earnings in the markets of the world, many changes had happened made the national investors return to invest their money in their countries particularly after September,11 events. The rates of the national and foreign investment flow have increased encouraged by the facilities offered by the council’s countries to attract the national and foreign investments particularly the tax exemption for some projects and issuing more regulations so as to free the real estate circulation in the regions’ countries. The most important pushing facts of the investment rising in the countries of the council are the rise of the rates of the monetary liquidly and that mean the abundance of investment channels. The rates of the local flowage in the countries of the council to reach in the year 2006 in UAE 23,21%, Saudi Arabia 19,31%, Bahrain 14,89%, KUWAIT, 21,66, Qatar 37, 95%, Oman 24,49%.