The Middle East

Qatar is pushing ahead with a series of large-scale transport infrastructure projects aimed at improving the emirate’s links and boosting the economy, though unlike many other countries these schemes are not part of a package to restart growth stalled by the global recession but are components of a broader vision for the nation’s future.

Despite weakening global demand for plastics and polymers, Abu Dhabi's chemical investment, which is seen as a key part of the emirate's future economy, remains well placed to become a sustainable growth platform for future economic expansion and diversification.

Having been an early proponent of the need to develop a diverse economic base, Sharjah is now reaping the benefits by placing itself in a good position to ride out the international recession.

Over the years, Qatar has worked hard to develop an attractive and diverse investment location. Now it is focusing on the environment in order to sustain the economy and the future of the country.

Turkey's banks seem to be riding out the global financial crisis having emerged from a more localised downturn eight years ago leaner and better equipped to deal with the present worldwide recession.

Although life is tough for Gulf contractors during these times of global economic hardship, they can take solace from Abu Dhabi's strong economic fundamentals, which ensure the continuation of ongoing projects as well as a raft of state-backed developments.