With limited oil and gas production by regional standards, Sharjah has had to look to other sectors to build a robust and diversified economy. Prominent among these has been industry and manufacturing, and the emirate has emerged as an important Middle Eastern industrial hub, with the sector accounting for around 17% of Sharjah’s GDP and...
Manufacturing accounted for 16.5% of Sharjah’s GDP in 2015, making it the second-largest of the seven individual sectors for which data is available, behind real estate with 22%, according to ratings agency Moody’s November 2016 outlook for the emirate. The figure is broadly unchanged in recent years, having consistently stood at between 16%...
With limited oil and gas resources by regional standards, Sharjah has had to look to other sectors to build a robust and diversified economy. Chief among these has been industry and manufacturing, and the emirate has emerged as an important centre for industry in the Middle East, with the sector contributing around 17% of its GDP and around one-third of manufacturing activity in the UAE as a...
Sharjah’s early efforts towards economic diversification have paid dividends, turning sectors such as heavy industries and transport and logistics into key enablers of economic growth. Meanwhile, the presence of several major universities in the emirate has helped grow its reputation as a major educational centre for the region.
In October 2016 Alba secured the biggest corporate loan in the history of the kingdom, as conventional and Islamic banks offered it $1.5bn in the first tranche of funding that will finance the $3bn potline six expansion. The government’s investment arm, Mumtalakat Holding Company, controls 69.38% of Alba, and the project is a key component of...
Created in 2006, Bahrain Mumtalakat Holding Company owns controlling or significant stakes in many of the kingdom’s major businesses and has made strategic investments in companies in other countries. A core aspect of Mumtalakat’s portfolio revolves around managing the government’s commercial interest in many of the country’s most significant...
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