BlackRock Sees $2.1 Trillion GCC Capex by Decade-End

BlackRock Investment Institute’s Ben Powell said the Middle East conflict is likely to speed the Gulf Cooperation Council’s push for economic resilience, diversification and greater self-reliance, according to Bloomberg. He told Horizons Middle East and Africa he expects more regional capital to be deployed domestically, with investment spanning infrastructure, AI, energy and security as Gulf states seek to reduce exposure to strategic choke points while still generating attractive returns.