The Middle East

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The unveiling of an extensive plan to modernise the transportation system in Sharjah was announced on November 22 in Sharjah.
It is clear Abu Dhabi is undergoing a new round of construction and real estate development.
Retail is an increasingly important part of economies in the Gulf, with retail space accounting for around 6m square metres of all commercial property; up from only 1m square metres in the early 1990s.
With oil prices reaching an all-time high, the members of the Gulf Co-operation Council (GCC) are set to continue reaping the benefits of their oil-based economies.
A new 45 km jet fuel pipeline recently opened running between Sharjah International Airport and the Hamriyah Free Zone (HFZ). The line and associated 50,000 tonne storage facility at the HFZ are expected to further boost economic expansion in Sharjah and the other Northern Emirates.
Early this month the Turkish parliament passed a bill authorising the construction and operation of nuclear power plants in Turkey.

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