The insurance and financial services company Allianz revealed in a report that the physical damages caused by the war with Iran in the countries bordering the Persian Gulf exceeded 200 billion dollars and the total lost economic output of these countries will reach 790 billion dollars by 2030.
According to this report, more than 80 energy facilities were targeted for ground attack during the war, and about a third of them were severely damaged. The greatest damage was caused to the energy infrastructures of Kuwait, Qatar and Bahrain.
Allianz predicts that the cumulative economic losses of the member states of the Persian Gulf Cooperation Council between 2026 and 2030 will be equal to 9.5% of their projected GDP before the war.
The company says that the consequences of the war are not limited to oil and gas facilities, and the tourism, real estate and business sectors will also face lower growth in the coming years.
📸 Photos Gallo/Ofek Track/Donor.