8. Kuwait Population - 2.6 Million (1.3 Million Expats) 17,820 sq km Mostly Muslim population (70% Sunni, 30% Shia) Parliamentary Emirate – 2/3 elected, 1/3 appointed Oil Production: 2.44 million bbl/day Oil Reserves: 104 billion barrels - 10% of world
9. Bahrain Population - 1.05 Million (.517 Million Expats) 266 sq km Mostly Muslim population (20% Sunni, 80% Shia) Monarchy with appointed Cabinet and with elected parliament Oil Reserves: 125 million barrels
10. Saudi Arabia Population - 28 Million (5.6 Million Expats) 2,149,690 sq km sq km Mostly Muslim population Royalty with appointed Council and with elected municipal representatives Oil Production: 11 million bbl/day Oil Reserves: 264.3 billion bbl - 20% of world
11. Qatar Population - 1.45 Million (1.1 Million Expats) 11,437 sq km sq km Mostly Muslim population (90% Sunni, 10% Shia) Emirate with appointed Council and with elected municipal representatives Gas Production: 580 bcf per year Oil Reserves: 910 trillion cf (3 rd in world )
12. United Arab Emirates Seven Emirates consisting of : Abu Dhabi, Dubai Sharjah, Ajman, Umm al Qaiwain, Ras al-Khaimah, Fujairah Population - 5.19 Million (4.4 Million Expats) 82,880 sq km sq km Mostly Muslim population (84% Sunni, 16% Shia) Each Emirate is absolute monarchy, with elected President of UAE. Partial Elected Parliament Oil Production: 2.75 million bbl/day Oil Reserves: 97.6 bbl (10% of world) Gas Reserves: 214 tcf
13. Oman Population - 3.3 Million (.58 Million Expats) 212,460 sq km sq km Ibadhi Muslim 75% (other includes Sunni Muslim, Shi'a Muslim, Hindu) Sultanate with appointed Cabinet and Upper Chamber and with elected Lower Chamber Oil Production: 710,800 million bbl/day Oil Reserves: 18.98 billion bbl
17. Middle East GDP Comparisons Saudi Arabia is the Middle East’s biggest free economic market Canada - $1500 B
18. Source of data: Emerging With Confidence: Reassessing the Investment Case for MENASA One Year On. By Abraaj Capital, Sept 2009
19. Light Crude Oil Trend Source - http://futures.tradingcharts.com/chart/co Estimated that the average cost of finding is $6 and production $5 – total $11 per Barrel Oil Prices expected to go over $100 per Barrel by mid year