The Middle East

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While construction in the UAE and the wider region has been hit by the financial crisis, Abu Dhabi’s commitment to forge ahead with its major developments bodes well for contractors active in the local market.
2010 was a banner year for Qatar. The nation punched well above its weight over the course of the year and looks set to continue to make headlines in 2011 and beyond.
The year 2010 will be remembered in Abu Dhabi for the local government forging ahead with a counter-cyclical spending regime aimed at boosting the economy and buttressing the Economic Vision 2030.
Turkey’s government has relaxed import restrictions to ease a crisis in the livestock industry which has led to skyrocketing meat prices. But as its best efforts falter, cattle-farmers are considering a high-tech embryo transfer system that could one day create a half-Angus, half-Turkish superbreed.

Jordan’s new government has committed to strengthening the economy while also reducing debt levels, though at least to some degree its success or failure will depend on the health of regional and global economies.

Although the 2022 football World Cup is more than a decade away, analysts are already predicting increased loan activity and investment management in Qatar’s banking sector as the economy gears up to host football’s showcase event.

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