Even as global steel output hit a new record, Turkey clocked the world’s fastest growth in steel production in 2011. Now consumption worldwide is set to decrease due to continued economic strains in Europe and a slowdown in China. In spite of these challenges, however, Turkish steel should still see robust growth in the coming years as domestic...
With economic activity in Turkey traditionally centred on the north-western provinces around Istanbul, along with the Izmir and Ankara urban areas, successive governments have attempted to incentivise businesses to establish themselves in other, less-developed regions. Since the 1960s, a key part of this strategy has been the creation of a variety...
From Ottoman textiles to high-tech weapons systems, Turkey has a long history of industrial activity. The challenge now is reducing the trade imbalance while maintaining impressive growth. Booming domestic demand and record exports increased industrial production in Turkey by almost 9% in 2011, powering economic growth that was second only to China...
With production expanding, heightened foreign interest and a new push to build a domestic car brand, the automotive sector in Turkey is currently experiencing a surge in output. This comes as the country has established itself as a natural base for supplying both European and Middle Eastern markets, with the sector’s contributions to exports being...
Petrochemicals is the largest industry in Bahrain after aluminium, with ammonia, methanol and urea all produced locally. While steps are being taken to increase petrochemicals production in the Kingdom, one challenge that remains is ensuring the supply of natural gas at a price that allows Bahrain’s goods to remain competitive in the regional market...
Industrial policy in the Kingdom has always been forward-thinking. Even before Bahrain’s independence in 1971, the state decided to move its economy away from a heavy reliance on oil, which was first discovered in the 1930s, and use its hydrocarbons wealth to develop an industrial base. The aluminium smelter and its downstream associated businesses...
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