A new study by management consultancy Strategy&, as showcased in an article by Khaleej Times, argues that GCC states can increase private sector involvement in their economies and thus save $165 billion in capital expenditures by 2021. Therefore, by increasing the role of the private sector, GCC states could also narrow the innovation gap with other countries, enhance the delivery of and access to government services, and improve their infrastructure.
The study, issued by the Ideation Center, argues that could also generate $114 billion in revenues from sales of utility and airport assets, and up to $287 billion from sales of shares in publicly listed companies.
To read about the long-term challenges and solutions facing GCC countries, read the article at http://www.khaleejtimes.com/business/economy/gcc-states-could-save-165-billion-in-capital-expenditures-by-2021