In defiance of global economic woes, Turkey managed to grow its export base, which resulted in an increase in industrial production of 9%. Turkey has been seen as an inexpensive alternative to European export products, mainly for regional buyers, and the country has hosted a booming trade in consumer goods. Vehicle sales rose by some 14%, steel production by 17%, and white goods sales jumped 19%...
The Middle East Industry
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Over the past decade, Turkey has experienced a number of important transitions that have led to demographic, economic and cultural transformation. These changes have made contemporary Turkey a regional focal point
Economic update | Jordan: Mining matters
5 Jun 2012
Jordan’s mining sector has a promising outlook for the coming year, and not just in the sector’s traditional segments such as phosphate and potash, but in newer areas of extraction as well. As profits for established mining companies grow, so do opportunities in shale oil and uranium extraction.
While the Kingdom’s established heavy industries continue to play an important role in the economy, the government is seeking to diversify industrial activity into areas such as high-tech manufacturing and the downstream aluminium segment. After aluminium, petrochemicals is the largest industry in Bahrain, with ammonia, methanol and urea all produced locally. While steps are being taken to...
Bahrain has weathered the effects of a difficult global economic period well, and its recovery has been solid, demonstrating the strength and flexibility of its economy. The government’s drive to diversify away from oil and gas dependence has been renewed, and a wealth of ambitious non-oil sector projects – from infrastructure to renewable energy technology – is now in the pipeline.
Economic update | RAK: Growing appeal
1 May 2012
The industrial sector in Ras Al Khaimah (RAK) has continued post significant growth in recent years, thanks to a favourable business environment and prudent regulation.