⛽ Iran tension boosts Gulf infrastructure spending
Escalating tensions with Iran are driving significant investment in the Gulf region's pipelines and ports. This increased focus is primarily centered in nations bordering the Persian Gulf. Over the last fiscal year, infrastructure spending across the Gulf states saw a notable surge. This surge is seen as a strategic move to secure vital energy transit routes amid regional instability. Governments are planning further expansion projects over the next two years. ⛽