Officials are looking at a 2014 start date for a major new mining venture, with plans moving forward for the Kingdom to cooperate with Sudan to exploit deposits deep beneath the Red Sea.
The Middle East Industry
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Economic update | RAK: Boosting cement production
6 Dec 2012
With demand for cement in Ras Al Khaimah (RAK) poised to rise and regional projects already driving up exports, there are signs that the industry could be turning a corner.
Economic update | Saudi Arabia: Rising steel demand
30 Oct 2012
Steel producers in Saudi Arabia are set for a busy few years, with growth in the industry driven by rising demand due to state-backed investments and increasing activity in the private sector. However, even with additional capacity, the sector is working to bridge the supply gap.
With food security becoming an increasingly important issue globally, and in the arid Middle East in particular, Dubai appears to have positioned itself to play an important role in meeting the most basic needs of the region, having emerged as a major processing and food re-exporting centre.
In line with government plans to boost production and draw foreign investment to the aquaculture sector, Oman is encouraging foreign investors to take advantage of opportunities in fisheries and maritime exports.
Home to Europe’s seventh-largest pharmaceuticals sector and 16th largest worldwide, Turkey is aiming to continue expanding the industry as it welcomes the addition of new firms and investors. While a number of international companies have already set up shop in the country and several more are planning to follow suit, challenges remain for foreign entities, such as government pricing regulations and auditing demands.