forgot password?

  • Visitor Edition

 

Financial Services, Banking Article, Investing Gulf's oil profits windfall
Article at a glance:

Investing the Gulf's oil profits windfall

  • Surging oil prices have turned member states of the Gulf Cooperation Council (GCC) into financial powerhouses.
  • McKinsey research indicates that between 2007 and 2020, they will earn $5 trillion to $9 trillion from exports of crude oil.
  • Depending on oil prices and levels of domestic investment, 30 to 60 percent of this windfall could flow into overseas capital markets.

audio downloadThis article includes a podcast of a conversation with Kito de Boer, a director in McKinsey's Dubai office, and Diana Farrell, director of the McKinsey Global Institute, discussing the implications of the Gulf’s growing wealth.

This article contains the following exhibits:
  • Exhibit 1: In 2006, the foreign assets of companies, sovereign wealth funds, and wealthy individuals in the Gulf Cooperation Council (GCC) states topped $1.9 trillion, because of rising oil prices.
  • Exhibit 2: The GCC states will earn oil revenues of almost $9 trillion by 2020 if oil prices remain at $100 per barrel.
  • Exhibit 3: Oil prices will determine the volume of wealth that the GCC states could invest.

register now to read this article

Additional Thinking

This Week's Featured Article
Financial Services, Banking, cost of going global China's high tech companies
The cost of going global for China's high-tech companies

Chinese technology companies are competing successfully on their home turf. Global markets may be another story, at least in the short run.

Abstract

Search full site

Register now. It's free and easy.

As a free member you can also:
  • Read hundreds of free articles
  • Receive e-mail newsletters and alerts
  • Search our archives

Simply fill in this form

View our privacy policy.

First Name* Last Name* Company* Job Title*

We will not share your e-mail.
See details.

E-mail* Password* Confirm Password*

*Required