Chemicals production is one of the leading lights of Kuwait’s industrial sector, an important contributor to its economy and an export earner. It is at the centre of the country’s drive to diversify its earnings and boost the value it obtains from its mineral wealth. Output is expected to rise as the national petrochemicals company and...
Economic diversification is at the heart of Kuwait’s long-term development strategy, as is establishing the country as a gateway to the northern Gulf and Middle East. The industrial sector has a central role to play in this, as the state looks to develop export-oriented businesses that can supplement hydrocarbons income and broaden the revenue...
Economic diversification is at the heart of Kuwait’s long-term development strategy, as is establishing the country as a gateway to the northern Gulf and Middle East. The industrial sector has a central role to play in this, as the state looks to develop export-oriented businesses that can supplement hydrocarbons income and broaden the revenue base. Under the Kuwait Development Plan (KDP) 2015...
The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
Though chiefly known for its success in the oil and gas sector, which has made it one of the world’s wealthiest countries, Qatar is also home to a number of non-hydrocarbons industries that are playing an increasingly important in the economy, particularly in light of the government’s broader plans for diversification. According to the...
Perhaps unsurprisingly, given the country’s substantial oil and gas operations, Qatar’s downstream petrochemicals sector forms a key pillar of its industrial base – and, like the upstream industry, it has maintained robust output despite depressed global oil prices. Led by Qatar Petrochemical Company (QAPCO), an offshoot of state-owned oil...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×