The Middle East Industry

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Chapter | Industry from The Report: Qatar 2019

The potential for the industrial sector to play a major role in Qatar’s economic growth was officially recognised in 2008 with the publication of the country’s plan for long-term development, Qatar National Vision 2030. Since then Qatar has taken a number of steps to increase the incentives available to foreign investors interested in supporting the country’s industry. Boosted by a new project...

Its relatively small population and status as the world’s biggest gas exporter have helped Qatar become the richest country globally in terms of GDP per capita, which stood at $72,700 at current prices in 2019, according to IMF estimates. In recent years, however, the nation has faced strong economic headwinds from a drop in global energy prices to a diplomatic blockade.

 

With strong private sector and foreign investor engagement, the utilities sector in Abu Dhabi is one of the most enduringly attractive to a wide range of businesses. Despite the economic slowdown of recent years, vital big-ticket projects in areas including nuclear energy, solar energy and desalination are continuing to progress at pace.

 

The Barakah Nuclear Energy Plant, which is being built by the Emirates Nuclear Energy Corporation (ENEC) 50 km from Ruwais, has four reactors totalling an installed capacity of 5600 MW, and is set to change the face of Abu Dhabi’s power generation.

 

What are Masdar’s investment priorities in adding suitable types of power to its regional energy mix?

 

Located in one of the driest parts of the planet and with demand for water growing at nearly 9.5% annually, Abu Dhabi’s water supply is a hugely important economic, social and security consideration. The Abu Dhabi government is therefore bringing in international partners to help meet the emirate’s demands.

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