Malaysia: Gulf Dinars are Coming!

Walla,just in time to be the fillip for the drying up of investments from elsewhere. What luck to be included in the investment target countries of the Gulf Cooperation Council (GCC).

The GCC countries are now keen to invest in three most important nations in Asia namely China, India and Malaysia to boost bilateral trade. This was reported by the Press Trust of India (PTI).

According to the Secretary General of the GCC Chambers,GCC countries are no longer keen to invest in Western economies anymore.

“The trend has changed after 9/11. We are looking more towards China, India and Malaysia to make investments,” he said.

Stating that India’s capital New Delhi is a “key partner” of the Gulf Cooperation Council and that “cash-rich” countries were now “increasingly looking towards India”, Qatar has said it will invest a whopping US$ two billion in the country.

Qatar, which has the highest per capita income in the Arab region, has plans to invest in India’s infrastructure and other promising sectors reported the PTI.

India is a key trade partner of the GCC and cash-rich countries were now increasingly looking towards India to park their investments