The global slowdown will impact a raft of projects across the Gulf, especially in real estate, but BNP Paribas says core sectors such as power and oil diversification will weather the storm.
Jean-Christophe Durand, BNP’s regional director for the Arab Gulf states, says the French bank’s longstanding place in the region, away from the bright lights of Dubai, has left the bank relatively immune to the potential retrenchment that more recent entrants are planning as the region slows.
