Saudi Arabia, Egyptand Iraq, among the top 30 economies in the world by 2028

by **Rocky** Tue 14 Jan 2014, 4:29 am

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Saudi Arabia, Egyptand Iraq, among the top 30 economies in the world by 2028

by Rocky Tue 14 Jan 2014, 4:29 am

Saudi Arabia, Egypt and Iraq, among the top 30 economies in the world by 2028!!

13/01/2014 19:27

In a report issued by the «Centre for Economics and Business Research» in London

Samir Fouad preparation:
A report by Research Center of Economy and Business in London for many surprises in the ranking of the top 30 state economically by the year 2028.

Although he stressed on Saudi Arabia and its continuation as the largest economies of the Middle East is expected to come in the 19th place in the world Bnatj Local has 1.3 trillion dollars due to growth resulting from oil revenues.

However, the report included a surprise relating to both Egypt and Iraq, where he predicted that Egypt occupies the center 22 by 2028 where the gross domestic product of $ 1.069 billion.

Although Egypt is currently plagued by political problems. It is hoped that the Egyptian authorities are unable to solve key issues that hinder growth.

The report pointed to factors that support these expectations, such as the opening of the Egyptian economy and the demographics of appropriate and strategic location for key markets in Europe, the Middle East and Africa, helping Egypt achieve political reforms and social conditions.
The second surprise was that Iraq will operate a total output of 27 Center on 912 million dollars.

The present expectations despite the challenges of political and sectarian huge facing the country and back these expectations that Iraq has ambitious plans to increase oil production of between 7 and 10 million barrels a day, is that these forecasts depend on the possibility of the Iraqi authorities to achieve safety and security in the country to attract more of investments.

At the time it emerged that Egypt and Iraq to occupy advanced positions in the list has disappeared Iran and the UAE from the list.

Despite the fact that some people do not agree with the predictions contained in the report is that this report is consistent with the report of the Bank «HSBC», for 2050, predicting that inflict Egypt, Saudi Arabia.

According to the expectations of «HSBC», will occupy Egypt Centre 19 in the biggest economies in the world in 2050 with a total GDP of 1.16 trillion dollars and strange the contents of this report on the gross domestic product of Egypt in 2050 will exceed that of Saudi Arabia, which is expected to reach 1.13 trillion dollars.

On the other hand report predicted (Citibank) that Egypt will be among the largest economies in the world but it will not overtake Saudi Arabia.
China topped the list of 30 leading economies in the world by 2028 and the United States came in second place and India in third and Japan fourth, Brazil fifth place.

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