$610 Billion in Debt Owed By Gulf States in 10 Years

  • Gulf Cooperation Council
  • 25 July 2024
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The value of sovereign debt instruments of the Gulf countries due over the next ten years (2024-2033) reached $ 609.5 billion, distributed by $ 348.3 billion for bonds and $ 261.2 billion for Sukuk, according to a report by "KAMCO Invest".

Government debt instruments had a maturity of $338.5 billion, while those owed by companies amounted to $271.2 billion. On a country-by-country basis, Saudi Arabia is expected to witness the largest value of fixed debt instruments due in the next ten years (2024-2033) with about $ 258.1 billion, followed by the UAE with $ 180 billion, $ 86.6 billion for Qatar, $ 33.9 billion for Oman, $ 33.3 billion for Bahrain, and $ 18.2 billion for Kuwait.

Source (Al-Khaleej Emirati Newspaper, Edited)

 

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