Middle East, Africa's finance market reaches USD 39.7bn in 2009.

By bne IntelliNews April 22, 2010
The Middle East and Africa 's finance market reached some USD 39.7bn in 2009, daily Al Ektisadiya said in a report. The figure puts the market in the third place internationally after Western Europe and Asia . The paper added that the six GCC countries contributed by almost USD 15bn of the total sum despite the many cancellations that took place in the region's real estate sector last year as a result of the global financial crisis. The main projects that received large finance loans from financial institutions in the region included petrochemicals, steel industries, aluminium plants in addition to large infrastructure projects and industrial cities.

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