The energy sector is the backbone of Kuwait’s economy, accounting for 90% of both exports and government revenue. Major projects led by state-owned...
The Middle East Energy
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Chapter | Energy & Utilities from The Report: Kuwait 2018
As hydrocarbons forms the backbone of Kuwait’s economy, the resurgence in global commodity markets bodes well for the future and has led to a renewed sense of optimism. The recovering market is also supporting the government’s diversification efforts under the auspices of the Kuwait National Development Plan, or New Kuwait.
Chapter | Industry & Energy from The Report: Sharjah 2018
Concentrated in two free zones and 19 industrial zones, Sharjah’s industry and manufacturing sector benefits from the emirate’s low cost base, developed infrastructure and connectivity, and proximity to facilities in Dubai. As a result, Sharjah is one of the most important industrial and manufacturing centres in not only the UAE, but also the wider GCC region. The contribution of the oil and...
Sharjah has long played an important economic and cultural role in the UAE, and boasts one of the most diversified economies by regional standards, with no individual sector accounting for more than 20% of GDP.
Dependent on imports and grappling with regional instability and major supply disruptions, Jordan’s energy sector has faced several challenging years....
As ongoing volatility continues to hamper growth in the region, Jordan has made significant progress in preserving macroeconomic stability and reducing its fiscal deficit in the past few years. Efforts to the fulfill the stipulations of a $723m extended fund facility agreement with the IMF continue, and the government may need to pursue more widespread reforms to increase income tax revenues and limit tax avoidance so as to sustain recent momentum.