The CEO of the Sharjah Investment and Development Authority (Shurooq) has said there needs to be more investment in infrastructure across the Gulf Co-operation Council (GCC) region.
Speaking at a conference in Dubai, Marwan Jassem Al Sarkal said the private and public investment into the sector would benefit the wider population and offer potential profits to investors.
Mr Al Sarkal said: “The idea of private-public co-operation in this area is possible. In fact, there are real opportunities for partnerships between the two sectors in the field of investment in infrastructure that will serve in everyone’s best interests, including the national economy, citizens and investors.”
Infrastructure investment into the GCC region had been climbing steadily until the credit crisis in 2008 brought many of these projects to an abrupt halt.