Emerging markets infrastructure spending to reach $21.7 trillion BY LUCIA DORE
16 January 2008
DUBAI — Infrastructure spending across emerging markets is expected to reach $21.7 trillion over the next decade, with Asia representing 67 per cent of the total and the Middle East four per cent. Morgan Stanley, who conducted the research, says a boom in infrastructure spending is underway in all emerging markets (EM) — Africa, Middle East, Latin America, Eastern Europe and Asia. The report also makes specific reference to the UAE's Arabtec Holdings.
China and India are expected to dominate this spending with 43 per cent and 13 per cent of total forecast EM infrastructure spending, respectively, for the next 10 years. Russia makes up 10 per cent of the next 10 year's infrastructure spending with Brazil representing 5 per cent and South Africa 1 per cent, alongside the Middle East's 4 per cent, says Morgan Stanley.
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