Gulf countries’ bond issuance reaches 112 billion dollars this year, setting a historic record

According to Golden Ten Data, Gulf countries have issued 112 billion US dollars worth of bonds this year, setting a record high for the same period in history. Saudi Arabia, Kuwait, the United Arab Emirates, and Qatar are seeking financing to build infrastructure that bypasses the Strait of Hormuz, including new ports, repairing oil and gas pipelines, and improving road networks. Last week, Kuwait raised 6 billion US dollars, attracting 14.8 billion US dollars in investor subscription orders.