Citigroup expects that the Arab Gulf states will resort to selling some of their government assets in order to diversify their sources of income, after they head to the public debt market.
According to Arabia Net, the Gulf countries have issued bonds at $ 47 billion since the beginning of this year, with expectations that the size of the Gulf’s debt issue will reach $ 105 billion in 2020.
According to Citigroup, the quality of credit ratings of Gulf countries enables them to borrow easily and at competitive prices from global markets, while their government assets provide different opportunities to raise more funds when needed.
