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The ongoing conflict between Iran and the United States has resulted in approximately $200 billion in damages to Gulf countries, with potential losses increasing fourfold by 2030, according to an Allianz Trade report. The report highlights significant damage to energy infrastructure, particularly in Kuwait, Qatar, and Bahrain, with over 80 energy facilities affected. The war has also impacted tourism and real estate sectors, leading to slower growth projections. The total cost of the conflict is expected to reach $790 billion, reflecting a cumulative economic production loss. Gulf states will need to increase national spending to address these challenges, with infrastructure and defense expenditures projected to reach $380-400 billion by 2030.
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