The local industrial base has continued to show impressive growth throughout 2011 and into 2012. Supported by hydrocarbons, the Gulf state has embarked on a process of diversification that has seen the establishment of a steady flow of downstream projects.
The Qatari government has set targets for the economic diversification of the country that will rely heavily on the expansion of the industrial and manufacturing base. The first tendrils of this new growth are beginning to emerge, nowhere more clearly than in the nascent plans for an alternative energy cluster. Qatar plans to invest in all stages of...
The Qatari government’s strategy to diversify the country’s economy and industrial base is likely to rise or fall on the back of the investment environment it creates on the ground. While major steps have already been taken in this direction, the government recognises the need to do more to create the incentives that will attract new and dynamic...
Over the past decade, Ras Al Khaimah has positioned itself as a manufacturing centre in the UAE, with industry making a significant contribution to the emirate’s GDP at over 30%. A number of factors – including its convenient location with good infrastructure connections and non-application of income, sales and corporation tax – have attracted...
With industry accounting for more than 30% of GDP in 2010, Ras Al Khaimah has positioned itself as an increasingly significant manufacturing centre within the UAE and the broader region. By making efficient use of its resources, such as the limestone deposits in the Hajjar Mountains, and investing in connectivity – the emirate has five ports, its...
The establishment of free zones – dedicated areas where businesses are exempted from various laws and regulations – has been used in many countries to attract foreign investment, notably in the UAE. The federal system, with its largely decentralised economic decision-making, means that almost all emirates have set up free zones. Ras Al Khaimah is no...
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