As growth in pharmaceuticals demand is flagging across much of the developed world, international players are casting about for new lands of opportunity. Saudi Arabia is likely to attract considerable attention. While the Kingdom’s market is not growing at the rates seen in countries such as China, India and Brazil, it has been...
With an ambitious expansion plan in its petrochemicals and chemicals sector, Abu Dhabi is most notably pushing ahead in plastics and fertilisers. The several new petrochemicals projects due to come on-line in 2013-17 should make a substantial contribution to Abu Dhabi’s Economic Vision 2030 by creating a more diversified economy in which a larger...
The government is investing in a series of large industrial developments as it endeavours to diversify the economy beyond hydrocarbons, a key aim of its Economic Vision 2030, a master development strategy that is to reshape the emirate’s economy over the next two decades. In the coming five years, growth in the sector is likely to be driven...
As developers rush to cash in on Abu Dhabi’s retail market, which they deem to be relatively untapped and undersupplied, total retail space is expanding at one of the fastest rates in the region. International brands are looming larger, especially at the top end of the market, where expensive cars and other luxury goods are being sold at record...
In February 2007 the government of Dubai released a blueprint outlining its future economic, social and political development goals. Named the Dubai Strategic Plan 2015, this document has largely guided the government’s approach to economic development. Although the global economic crisis has presented obstacles to further development, the...
After the Second World War, winds of change were sweeping across the Gulf region – oil was flowing out, profits were flowing in and a polity was forming among the former Trucial States, which now make up the UAE. In this context of change and development, the authorities in Dubai were laying the groundwork for an economic growth strategy novel to...
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