Gulf states to invest more in Asian markets, instead of west
According to Emilie Rutledge, economic researcher at the Dubai-based Gulf Research Centre (GRC), Gulf governments are no longer satisfied simply with US Treasury bonds, reported <i>Gulf News Daily</i>.
"Today, they are more interested in the return on their investments, and are more willing to take calculated risks and invest in key Asian growth markets such as China and India."
He added that Gulf states will likely invest more revenues from oil sales in Asian countries.
Asian markets are currently the fastest-growing consumer energy market.