DUBAI — The UAE accounts for the bulk of the ongoing and planned infrastructure projects in the GCC countries, amounting to an estimated $1.3 trillion plus of investments over the 2007-2012 period. According to Edward Morse, Lehman Brothers' Chief Energy Economist, as of early April 2007, there were over 2,000 infrastructure projects. The core of these, over $300 billion, are in the UAE, mostly in Abu Dhabi and Dubai. Projects in Saudi Arabia have doubled over the past 18 months, and are now tracked at over $280 billion. Kuwaiti projects exceed $215 billion and the development costs for projects in...