Research Library

Center for the Middle East



White Elephants on Quicksand: Low Oil Prices and High Geopolitical Risk

Mahmoud A. El-Gamal

White Elephants on Quicksand: Low Oil Prices and High Geopolitical Risk.

By Hany Abdel-Latif and Mahmoud El-Gamal

A quantitative study examines how heightened geopolitical risk, coupled with lower oil prices, hampers the economic potential of mega construction projects in Arab Gulf states.