the gcc has excess liquidity. egypt has the market, has the labour force and the critical mass. >>: and why record spot prices are creating a golden opportunity for some quick cash. >>: i sold a couple of chains, a bracelet, a ring and some earrings and i think it was about 575 pounds i got for it. >>abirached: hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. over the next 3 years india is aiming to build 15,000 kilometres of new roads. the hope is that this project would free up transport and stimulate the economy. theexpected cost is high at 30 billion dollars; but the to attract as much as 10 billion of this from foreign investors. >>reporter: traffic volume in india is growing at12 percent a year with the country's brisk economic growth, putting a huge strain on its road network. but road-building hasn't kept pace, leading to choked highways and potholed roads. >>: that's all set to change, according to india's new highways

. >> still the gcc, four countries signed, qatar, saudi arabia, bahrain and kuwait signed for kwurn sind one central bank to start with a nominal currency and one currency for this country. that is a very important move. it is going in the right direction and we are very excited about that. now we are studying the thee subjects. is it tied to the dollar, is it tied to the basket, is it going to be floating currency because we have oil and gas and the economy which can't support a new currency without going to these two other ways of covering the new currencies. that study experts have to tell us of the governments which way we have to take. >> my special thanks to sheikh hamad of qatar. >>> is it a place for investors to be looking right now? risks and rewards on industrials, you with raching the "closing bell." back in a moment. >>> welcome back. you can call it a revolution of sorts as the industrial sector has become the place to be for market performance anyway. cnbc's matt nesto joins us now way look at why investors are looking at this group. >> yeah, and you know, maria, the pla

the same is true of all the gcc countries.the bulk of the population is dependent on state employment. this is just a wrapup of the argument i just made based on those graphics. that is that government salaries or in some cases private salaries in government cases constitute most of the private consumer demand. in the uae there is a bit more of real private sector salaries that are not derived from government projects but that has declined in the recent bust and in particular in real estate sector in the uae. that means despite much low e. pen di chur on contracts and physical infrastructure on the government, rents, oil money spent by the money, still dominates as a demand in the gcc countries. it stl runs the economies but the politics has changed in the sense that the government has much less control over how those funs. that is the basic point of salaries being recycled and the government with projects. the private consumer decisions means real markets are created. you are in real competition. you have to run a nicer, bett