SOURCE: Floyd Associates

Floyd Associates

March 22, 2011 16:01 ET

Floyd Associates Publishes Report on the Economic Outlook of the Gulf Cooperation Council

A Long and Short Term Review of the Economic Outlook in the GCC

LOS ANGELES, CA--(Marketwire - March 22, 2011) - Floyd Associates, a privately held consulting firm with operations in strategic development, investment banking, and mergers & acquisitions, announced today that it has published an economic outlook report on the Gulf Cooperation Council (GCC).

2010 was a year of relative economic recovery for the Gulf Cooperation Council (GCC) countries. Growth in 2011 for the GCC region will be driven by hydrocarbons, infrastructure investments, and private sector activities. Thanks to the global economic recovery, the oil price has been peaking up since 2009.

Recent turmoil in Egypt and Libya has pushed oil prices over $100 per barrel. Given that oil revenues are the primary source of income for the GCC, the region will benefit from this price rise as increasing government revenues will enable funding of long term spending programs, including many multi-billion dollar infrastructure investments.

The long term growth of the GCC region will be driven by global demand for hydrocarbons, economic diversification, population growth, technological advancement, and globalization. We are positive about the overall economy of the region. According to Economist Intelligence Unit (EIU) research, current $1 trillion economy will double to $2 trillion by 2020.

To read the COMPLETE REPORT, please go to:

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About Floyd Associates

Floyd Associates is a privately held consulting firm with expertise in strategic development, investment banking, and mergers and acquisitions. Our expert team advises companies of various sizes on international expansion strategies, optimal capital structures, and formation of strategic alliances. Floyd Associates Dubai is responsible for offering strategic development advice to companies interested in exploring opportunities in the rapidly growing markets of the Middle East. In addition to helping companies gain access to markets and sources of capital in the Middle East, the Company advises clients on how to obtain a listing on NASDAQ Dubai as well as matters related to compliance with the Shariah Law.

Forward-Looking Statements

Except for historical information contained herein, the statements in this news release are forward-looking statements that involve known and unknown risks and uncertainties, which may cause the Company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

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