A recent report released by the Dubai-based Gulf Research Centre (GRC) stated that GCC countries would benefit from acquiring assets abroad and should focus more on such investments.
"GCC governments can and should do several things with current windfall revenues and surplus liquidity in order to mitigate the risks of future oil price shocks,” said a representative of the Dubai-based Gulf Research Centre (GRC), according to <i>Gulf News Daily</i>.
"Apart from investing in infrastructure and human capital and moving into the value-added downstream energy industries, the GCC should concentrate on acquiring overseas assets," he added.
The recommendation was made despite recent setbacks to such moves including the DP World case in the United States.
Al Bawaba
