chapter  2
14 Pages

Financing industrialization in the Arab-Persian Gulf

ByJEAN-FRANÇOIS SEZNEC

The states of the Gulf Cooperation Council (GCC) have been growing at breakneck speed. From an industrial base of near zero 30 years ago, the Gulf has become a major world production center for petrochemicals, fertilizers, aluminum, cement, prefab metal building, fiber-optic cables, air conditioners, and all manner of products related to construction. Yet the achievements made until now in 2008 are small compared to what is on the books for production in the near future.