The over 130 officials and heads of the biggest companies in the six richest Arab countries, Bahrain, Kuweit, Qatar, Oman, Saudi Arabia and the United Arab Emirates, present in Bucharest in the last few days, are willing to bring hundreds of millions of euros to Romania, estimates a journalist from the English language newspaper Bahrain Tribune.
"Gulf businessmen could invest 200 million dollars this year and a further 500 million dollars over the next two years," estimated Ahmed AlSaati, director of English language publication Bahrain Tribune, present at the Forum of the Gulf Cooperation Council, Romania, Bucharest: Business opportunities in South-Eastern Europe, organised by the Ministry of Foreign Affairs, the Ministry of Economy, Trade and Business Environment, the Gulf Cooperation Council and Forum Invest in Bucharest over the past few days.
AlSaati said investors in the Gulf are interested in businesses that can bring them an at least 10% yield. "Before the crisis (a yield of) 20% was right, now we accept as little as a 10% yield, but not less. Imagine that businesspeople in the Gulf have big amounts of cash available and cannot let them be devalued by inflation. They have to be permanently on the lookout for investment opportunities," AlSaati said.
The over 130 officials and heads of the biggest companies in the six richest Arab countries, Bahrain, Kuweit, Qatar, Oman, Saudi Arabia and the United Arab Emirates, present in Bucharest in the last few days, are willing to bring hundreds of millions of euros to Romania, estimates a journalist from the English language newspaper Bahrain Tribune.
"Gulf businessmen could invest 200 million dollars this year and a further 500 million dollars over the next two years," estimated Ahmed AlSaati, director of English language publication Bahrain Tribune, present at the Forum of the Gulf Cooperation
