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Thanks for the invitation
Good question
Agreed with both answers given by
Mr.:Patel & Mr.:Vrindavan as well too
Thank you for your invitation Sir.
I don't have much knowledge on banking and construction sector in the Gulf countries so I cannot comment.
Construction Industry: More expectations in the nature of the beginning of another boom with scope for Infrastructure development plans. (2014)
Banking: Might have witnessed outflow of money due to better exchange rates reducing the Savings habits of repatriates-- and in the same way might have witnessed off take of personal loans for remittance purposes by repatriates. Reducing rates of Oil prices might have effected the inflow of funds to the Gulf countries in dollar terms. Services charges on account of remittances might have increased which is one of the major source of income for the Banks in Gulf Region. Other aspects not much observed.
The governmental spending on infrastructure development went well in2014 in GCC.