Investing in the Gulf

However this quantity is expected to grow at around $750 million a day in 2008. The income per head is an average of $20,000, nine times higher than the emerging market average and 25 times higher than the average income in India.

Since 2002 the Gross Domestic Product has doubled in this area meaning the increment until now could represent more than the current Gross Domestic Product of Turkey, analysts at Morgan Stanley said.

However, despite the states spend in luxuries they pay debts. Saudi Arabia for example, has shorten its GDP ratio by two thirds from 65 percent of GDP in 2004 to only 21 percent in 2007, according to analysts by Morgan Stanley.

The economy of these places is also expected to raise since fifty percent of the population is age under 30 willing to earn more and spend more.

Infrastructure Boom

Another significant investment of money is going to construction firms and banks as a results of a desire to develop infrastructure. According to Lehman Brothers' estimates, about 2,000 projects worth 1.3 trillion pounds are undergoing in this sector.

Dubai, in the United Arabs Emirates is a place where sports tourism entertainment and financial services are also growing.

Qatar's economy is expected to grow at 10 percent to 2009 due to its strong investments into infrastructure.

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