The Gulf Co-operation Council (GCC) economies intend to plough $15bn into the region’s ports as the sector clocked up 8% growth in 2010, according to a new study.

GCC has hub plans
Prime movers in this growth spurt are the United Arab Emirates countries which account for 59% of GCC trade volume, says the study’s author, Markaz.

The report points to demand generated by China and India as driving the process forward.

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