By Muin Abdul Majid

DUBAI, Nov 3 (Bernama) -- More than US $100 billion (US$1=RM3.50) of public-private sector partnership investments in the Middle East and North Africa region will be required over the next five years to supplement government funding, according to a report by Ernst & Young, a leading professional services firm.

According to the report, "Bridging the Gap: Private Investment in Middle East Infrastructure", current and active civil engineering projects in the Gulf Cooperation Council (GCC) comprising six-member nations had a total value of US$1.3 trillion.

Amid rising construction costs and dramatic economic growth, the report said, infrastructure needs were rapidly outstripping the region's public resources despite record oil exports in recent years.

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Posted by boyang at November 3, 2008 10:41 PM