Economic diversification is at the heart of Kuwait’s long-term development strategy, as is establishing the country as a gateway to the northern Gulf and Middle East. The industrial sector has a central role to play in this, as the state looks to develop export-oriented businesses that can supplement hydrocarbons income and broaden the revenue base. Under the Kuwait Development Plan (KDP) 2015...
The Middle East Industry
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The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
Though chiefly known for its success in the oil and gas sector, Qatar is also home to a number of non-hydrocarbons industries that are playing an increasingly important role in the economy, particularly in light of the government’s broader plans for greater diversification. According to the Ministry of Development Planning and Statistics (MDPS), the non-hydrocarbon sector accounted for all GDP...
As Qatar’s population and economy have expanded in recent years, demand for utilities has also been increasing rapidly. Power and water consumption have recorded average growth rates of 10.4% and 7.7% a year, respectively, over the last half-decade, according to the country’s main utilities authority, the Qatar General Electricity and Water Corporation (Kahramaa). Such growth has prompted the...
Chapter | Al Gharbia from The Report: Abu Dhabi 2016
Al Gharbia encompasses the western part of the emirate of Abu Dhabi and, at 35,250 sq km (59% of Abu Dhabi emirate), is also larger than any other emirate in the UAE. The government’s strategy for the development of the region is laid out in Plan Al Gharbia 2030. Priority sectors for development include energy, desalination, petrochemicals, tourism and food production, with major...
With proven crude oil reserves of 98bn barrels and an established downstream infrastructure, which has positioned the UAE as the sixth-largest petroleum producer in the world, the country’s industrial landscape is dominated by hydrocarbons activity. In 2014 the Investment Development Bureau identified several targets for future development, including building materials, petrochemicals, metals...