Infrastructure and Employment Creation in the Middle East and North Africa

The report estimates Middle East and North Africa's (MENA's) infrastructure investment and maintenance needs through 2020 at 106 billion dollars per year or 6.9 percent of the annual regional gross domestic product (GDP). Developing oil e...

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Main Authors:	Freund, Caroline, Ianchovichina, Elena
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING CAPITAL FORMATION DOMESTIC INVESTMENT ECONOMIC DEVELOPMENT EMPLOYMENT EXPENDITURE EXPORTERS FINANCES FIXED CAPITAL FUEL FUEL PRICES GROSS FIXED CAPITAL FORMATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INVESTING INVESTMENT BUDGETS INVESTMENT IN INFRASTRUCTURE INVESTMENT NEEDS INVESTMENT RATES INVESTMENT SPENDING JOB CREATION NATIONAL INFRASTRUCTURE PRIVATE INVESTMENT PUBLIC BUDGETS PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIPS ROADS TRANSPORT TRANSPORT SECTOR
Online Access:	http://documents.worldbank.org/curated/en/2012/01/15987559/infrastructure-employment-creation-middle-east-north-africa http://hdl.handle.net/10986/10853

id	okr-10986-10853
recordtype	oai_dc
spelling	okr-10986-108532021-04-23T14:02:52Z Infrastructure and Employment Creation in the Middle East and North Africa Freund, Caroline Ianchovichina, Elena ACCOUNTING CAPITAL FORMATION DOMESTIC INVESTMENT ECONOMIC DEVELOPMENT EMPLOYMENT EXPENDITURE EXPORTERS FINANCES FIXED CAPITAL FUEL FUEL PRICES GROSS FIXED CAPITAL FORMATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INVESTING INVESTMENT BUDGETS INVESTMENT IN INFRASTRUCTURE INVESTMENT NEEDS INVESTMENT RATES INVESTMENT SPENDING JOB CREATION NATIONAL INFRASTRUCTURE PRIVATE INVESTMENT PUBLIC BUDGETS PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIPS ROADS TRANSPORT TRANSPORT SECTOR The report estimates Middle East and North Africa's (MENA's) infrastructure investment and maintenance needs through 2020 at 106 billion dollars per year or 6.9 percent of the annual regional gross domestic product (GDP). Developing oil exporting countries (OEC) will need to commit almost 11 percent of their GDP annually ($48 billion) on improving and maintaining their national infrastructure endowments, while the oil importing countries (OIC) and the Gulf Cooperation Council (GCC) oil exporters need approximately 6 and 5 percent of their GDP, respectively. Infrastructure investment has the potential to create jobs quickly, while providing a foundation for future growth. This is especially important in the oil importing countries, where the infrastructure gap is the greatest and employment needs are growing. However, it is also likely to be most difficult in these countries because of strained finances. Going forward, government decisions on what types of spending to expand and what to contract to achieve balanced budgets will have important implications for jobs. Prudent infrastructure development will be critical for short and long-term growth and job creation. 2012-08-13T13:20:04Z 2012-08-13T13:20:04Z 2012-01 http://documents.worldbank.org/curated/en/2012/01/15987559/infrastructure-employment-creation-middle-east-north-africa http://hdl.handle.net/10986/10853 English MENA Knowledge and Learning Quick Notes Series; No. 54 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Middle East and North Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING CAPITAL FORMATION DOMESTIC INVESTMENT ECONOMIC DEVELOPMENT EMPLOYMENT EXPENDITURE EXPORTERS FINANCES FIXED CAPITAL FUEL FUEL PRICES GROSS FIXED CAPITAL FORMATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INVESTING INVESTMENT BUDGETS INVESTMENT IN INFRASTRUCTURE INVESTMENT NEEDS INVESTMENT RATES INVESTMENT SPENDING JOB CREATION NATIONAL INFRASTRUCTURE PRIVATE INVESTMENT PUBLIC BUDGETS PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIPS ROADS TRANSPORT TRANSPORT SECTOR
spellingShingle	ACCOUNTING CAPITAL FORMATION DOMESTIC INVESTMENT ECONOMIC DEVELOPMENT EMPLOYMENT EXPENDITURE EXPORTERS FINANCES FIXED CAPITAL FUEL FUEL PRICES GROSS FIXED CAPITAL FORMATION INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INVESTING INVESTMENT BUDGETS INVESTMENT IN INFRASTRUCTURE INVESTMENT NEEDS INVESTMENT RATES INVESTMENT SPENDING JOB CREATION NATIONAL INFRASTRUCTURE PRIVATE INVESTMENT PUBLIC BUDGETS PUBLIC INVESTMENT PUBLIC-PRIVATE PARTNERSHIPS ROADS TRANSPORT TRANSPORT SECTOR Freund, Caroline Ianchovichina, Elena Infrastructure and Employment Creation in the Middle East and North Africa
geographic_facet	Middle East and North Africa
relation	MENA Knowledge and Learning Quick Notes Series; No. 54
description	The report estimates Middle East and North Africa's (MENA's) infrastructure investment and maintenance needs through 2020 at 106 billion dollars per year or 6.9 percent of the annual regional gross domestic product (GDP). Developing oil exporting countries (OEC) will need to commit almost 11 percent of their GDP annually ($48 billion) on improving and maintaining their national infrastructure endowments, while the oil importing countries (OIC) and the Gulf Cooperation Council (GCC) oil exporters need approximately 6 and 5 percent of their GDP, respectively. Infrastructure investment has the potential to create jobs quickly, while providing a foundation for future growth. This is especially important in the oil importing countries, where the infrastructure gap is the greatest and employment needs are growing. However, it is also likely to be most difficult in these countries because of strained finances. Going forward, government decisions on what types of spending to expand and what to contract to achieve balanced budgets will have important implications for jobs. Prudent infrastructure development will be critical for short and long-term growth and job creation.
format	Publications & Research :: Brief
author	Freund, Caroline Ianchovichina, Elena
author_facet	Freund, Caroline Ianchovichina, Elena
author_sort	Freund, Caroline
title	Infrastructure and Employment Creation in the Middle East and North Africa
title_short	Infrastructure and Employment Creation in the Middle East and North Africa
title_full	Infrastructure and Employment Creation in the Middle East and North Africa
title_fullStr	Infrastructure and Employment Creation in the Middle East and North Africa
title_full_unstemmed	Infrastructure and Employment Creation in the Middle East and North Africa
title_sort	infrastructure and employment creation in the middle east and north africa
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2012/01/15987559/infrastructure-employment-creation-middle-east-north-africa http://hdl.handle.net/10986/10853
_version_	1764414617651511296

Infrastructure and Employment Creation in the Middle East and North Africa

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