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Sitting on cash pile thanks to high oil prices: Gulf throws open more opportunities.
(From Business Line)
Abu Dhabi, Oct. 20. THE recent announcement of mega oil and gas projects in Abu Dhabi emirate and expected surplus funds this year due to high oil prices, that are likely to be funnelled into new investment avenues in various sectors, could translate into big opportunities for Indian companies looking for business ventures in the Gulf.
Industry observers and Indian mission officials here told Business Line that Indian expertise in various fields could be in demand in the coming period as Abu Dhabi is moving fast to expand various aspects of its oil and gas, infrastructure, hospitality, educational and tourism sectors.
In general, Indian …
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