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September 6th, 2019 at 9:48 am

Building Construction

in: News

A year ago, some Arab newspapers boasted of the oil boom and the height of its real estate sector. A year later, the expected losses of up to $ 2 trillion precipitated an extraordinary meeting of Arab League countries. The sustained growth of over 5% and in some cases even above 10%, as the case of Kuwait, have enabled many countries swimming in oil, without which results in social welfare many times. In Arab countries, is expected to fall 40% of the value of investments abroad, which now reach $ 2 trillion. The collapse of stock markets and the fall in oil prices from nearly $ 150 Summer $ 45 to current losses have caused half a billion dollars. After the summit, the Arab League countries have approved the establishment of an Arab capital development with over 2,000 million dollars. Be granted loans and create a common customs area “Inspired” by the model of the European common market. However, these economies are dependent on oil and, in some cases also in construction, makes the implementation of a common market to emerge from the crisis.

Dubai already has been suspended in the construction of buildings called to be emblematic. Countries in other regions in the world have had or have the same temptation that Arab countries to deify its large hydrocarbon reserves. In the midst of debate on a possible energy reform and privatization, the Mexican government paid for a television ad that said: “Mexico has a great treasure, a hidden treasure beneath the sea floor.


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