New legislation could boost investment and growth in Oman’s mining sector, although gaps in infrastructure could inhibit expansion in the short to medium term.
The Middle East Industry
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Rising demand for processed metals, fuelled by regional infrastructure projects, is set to help Abu Dhabi’s industrial sector build new momentum in terms of both output and sales.
A continued scaling back on energy, feedstock and utilities subsidies is likely to impact earnings in Saudi Arabia’s industrial sector, potentially reducing its long-held competitive edge.
The district cooling industry in Qatar is looking to build on several years of robust growth with a wave of fresh investment.
On June 10, Aluminium Bahrain (Alba) announced it had been granted approval to begin work on a new production line, with the project set to make the plant the world’s largest single-site smelter when completed in 2019.
Economic update | Turkey set for ship-breaking boost
29 May 2015
Proposed changes to European Commission (EC) regulations governing the scrapping of ships look set to give Turkey’s ship-breaking and metal-processing industries a significant boost by shutting out rivals in Asia from part of this lucrative trade.