After a year characterised by falling global prices for both crude oil and aluminium, there is a surprising degree of optimism in Bahrain’s economy. With major investments in its infrastructure being financed by the Gulf Development Fund and Aluminium Bahrain’s (Alba) sixth pot line moving ahead, there is a sense that Bahrain is busy, from its...
The Middle East’s appetite for sweets and savoury snacks can be thanked for more than $240m worth of investments in Bahrain in just two years. In 2016 the new $90m Mondelez factory is due to start producing biscuits that will be shipped all over the MENA region and parts of Asia. It is opening two years after Arabian Sugar’s $150m refinery...
As Aluminium Bahrain (Alba) celebrates the 45th anniversary of aluminium production in Bahrain, the firm is looking to the future and working on the construction of its sixth pot line, an expansion plan that will make the company the world’s largest single-site smelter. A few weeks after Alba announced it would be going ahead with the...
In late 2015 in the desert of southern Oman, work is due to start on a $600m solar plant capable of producing a peak output of 1 GW of thermal energy. By comparison, the current largest photovoltaic (PV) solar plant in the world – the Solar Star project in California – produces 579 MW, or a little over half as much energy as the plant being...
For the Omani power sector, 2015 was a year to look back and take stock. In the 10 years since market reforms were introduced, the industry has witnessed a 164% increase in supply and a 75% increase in the number of accounts.
In common with many of its regional peers, Oman’s current economic strategy is focused on achieving high-value-added growth, characterised by capital-intensive production methods, advanced technology, and scientific research and development. Yet rather than increasing capital intensity, recent IMF statistics appear to show that the economies...
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