We are working closely with Rice University to monitor the continued impact of the COVID-19 on our community. The health and safety of our guests and staff are our top priority. All gatherings at Baker Hall through April 30 have been canceled. A current list of scheduled online events is available at bakerinstitute.org/events and will be updated with new webcasts and webinars. Please refer to emergency.rice.edu/coronavirus for additional information and updates.

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.