USD 2.1 tn in capex from GCC is going to self-reliance + resilience -BlackRock
· Egyptian market news · EAST
BlackRock sees the GCC deploying USD 2.1 tn in capex through 2030 — ranging between USD 1.6-2.5 tn — with a growing share staying home BlackRock Investment Institute
Existing projects are being reassessed and resequenced
REMEMBER- expanding its East-West pipeline capacity increase capacity
Two segments are set to see up to two-thirds of total capex.
The remaining three categories round out the shift.
More of that money will be staying in the region watch, runtime: 6:01 Not every GCC market gets there the same way.
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The EGX30 rose 1.1% at Thursday’s close