Summary
Invest in a region with high potential The Cooperation Council for the Arab States of the Gulf (GCC) was founded on 25 May 1981 in Abu Dhabi by Kuwait, Bahrain, Saudi Arabia, Qatar, the United Arab Emirates and Oman. The Gulf region is growing more than almost any other at present. What is more, the GCC states are largely debt-free. Qatar, for example, is likely soon to overtake Luxembourg as the country with the highest per capita income. Overall, this desert state, which has the second-largest gas reserves in the world, plans to invest USD 150 billion by 2011. Among other things, these investments will include new sectors such as aviation, healthcare, financial services and tourism. The region is a trade and transport hub conveniently situated between Europe and the booming markets of Asia. Dubai, which belongs to the United Arab Emirates, has the largest natural harbor in the world, is currently building the world’s largest airport, and is investing rapidly in tourism. These are just some of the reasons why globally oriented investors should definitely start taking a closer look at this region. The index provides transparent, rule-based and tradable access to the up-and-coming countries of the Gulf region. DAXglobal GCC® provides investors with access to Bahrain, Kuwait, Oman, Qatar, and the United Arab Emirates.