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GCC to invest $70b in energy projects
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S.Korea, UAE signs Air Services MoU
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The Gulf Cooperation Council (GCC) countries are expected to spend close to $70 billion in energy projects this year, roughly in line with their actual capital expenditure of $60 billion-$70 billion estimated in energy projects in 2008, research conducted by Contax and supported by the Middle East Economic Digest (MEED) shows.
"About a half of this spending will be in the power and water sectors," Edmund O'Sullivan MEED's chairman for events, said at the opening of the Arabian World Construction Summit in Abu Dhabi yesterday.
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S.Korea and the United Arab Emirates represented by the General Civil Aviation Authority (GCAA) signed an Air Services Memorandum of Understanding on May 7 in Abu Dhabi, to discuss and establish operations on the Korea and Abu Dhabi route.
The MoU was signed by Saif Mohammed Al Suwaidi Director General of the UAE General Civil Aviation Authority (GCAA) and Mr. Sang-Do KIM, Director of International Air Transport Division, Ministry of Land, Transport and Maritime Affairs. Representatives from Abu Dhabi Department of Transport and Etihad Airways, attended the meeting.
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| Prime Goal of Tunisia to Join the Ranks of Advanced Nations: President Ben Ali |
Tunisian President Zine El Abidine Ben Ali said in an interview with Oxford Business Group that "Tunisia has a diversified economy, capable of interacting with, and adapting to, changes in the world economy"
In this interview, Tunisian President Ben Ali stressed that Tunisia¡¯s major gains over the past five years and national priorities in the areas of economic development, investment, youth and employment, in the context of performances made over the past couple of decades.
Oxford Business Group's series of publications are renowned as the leading source of economic information for nearly 30 countries across the Middle East, Africa, Asia, Eastern Europe and the Caribbean.
These reports written by a team of analysts who are based on the ground for six months every year and the result of hundreds of interviews making them unrivalled in the market are the most extensive independent, unbiased and accurate intelligence available anywhere.
In his interview with Oxford Business Group, Tunisian President Ben Ali also addressed relations of partnership in Tunisia's international co-operation, in particular in light of the global economic situation, as well as the Tunisian approach aimed at ensuring best possible position to higher graduates in the knowledge society and favouring complementarity between the role of the State and associative fabric's in consecration of self-construction which is one of the characteristics of modern society.
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