Projects aimed at expanding the metals and petrochemicals segments are underway, with the current aluminium production of 2m tonnes set to increase to 10m tonnes by 2020 and plans from the Gulf Petrochemicals Industries Company to triple output of ammonia related products. There has also been a drive to create favourable conditions for foreign investment, including numerous business parks and...
The Middle East Industry
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Bahrain has remained largely insulated from international external risks and has weathered the global economic shocks of the recent past relatively well. At the height of the international financial downturn, for example, the kingdom avoided falling into recession and even achieved real GDP growth of more than 6% in 2008 and over 3% in 2009.
Interviews & Viewpoints | OBG talks to Mehmet Büyükekfli, Chairman, Turkish Exporters’ Assembly from The Report: Turkey 2013
How was the government’s 2023 export strategy formulated, and what would you say to those who argue that its targets are unrealistic?
Articles & Analysis | Targeting changing markets: Declining European economies are affecting the direction of exports from The Report: Turkey 2013
Given that exports accounted for around 20% of Turkey’s GDP in 2012 – a good year for export growth – it is clear that the country’s overseas traders are clearly a vital part of its economy. Industry is a major contributor to exports, with manufacturing a particularly vital component of Turkey’s export picture. Yet challenges remain,...
Articles & Analysis | Steel support: Metals production climbs with exports playing a central role from The Report: Turkey 2013
In 2012 metals and metal products were Turkey’s fourth-largest export industry after automotives, chemicals, and textiles and ready-to-wear. Indeed, by 2011 the sector had already reached an all-time high in crude steel production, of 34.1m metric tonnes (MT), while it has long since regained and surpassed the output levels it had before the...
Articles & Analysis | Shop ‘til you drop: New malls and loyalty to local stores keep spending numbers high from The Report: Turkey 2013
Amid the growth in incomes and the overall economy, Turkey’s retail sector has acquired modern-scale segmentations with plenty of local and foreign players benefitting from rising consumption. Indeed, the sector has expanded rapidly in recent years, with urban centres like Istanbul seeing an array of new shopping centres constructed. Meanwhile,...