As part of its “20-20” strategy, under which no single sector should account for more than 20% of GDP or 20% of the fiscal surplus, the government is working to diversify the local economy. Growth is expected in the industrial sector in line with efforts to expand downstream capacity, extending production across the supply chain. Improvements to electricity capacity are planned as well, which...
The Middle East Industry
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Chapter | Industry & Retail from The Report: Ras Al Khaimah 2013
Hydrocarbons are not the only underground resource to yield billions of dollars of profit in Saudi Arabia. The mining of metallic ores, phosphates, bauxite and construction materials is an area of growth that the government hopes will become the third pillar of the economy, after oil and petrochemicals. Indeed, Saudi Arabia encompasses geologically diverse areas that contain a wealth of resources...
Bolstered by burgeoning cement and ceramics industries that draw on the natural resources of the Hajar Mountains, Ras Al Khaimah has one of the GCC’s more diversified economies. Continued investment in infrastructure is enabling further economic growth and encouraging foreign investment.
A confluence of factors is opening opportunities for Jordanian garment manufacturers in their bid to win a greater share of Western clothing markets.
Articles & Analysis | Well positioned: The construction sector looks set to benefit from the government’s investment drive from The Report: Kuwait 2013
The construction industry is widely expected to be one of the principal beneficiaries of Kuwait’s portfolio of KD30bn ($107.14bn) in large projects first proposed in 2010. With an evident determination by Kuwait’s latest parliament to implement key components of the National Development Plan (NDP), confidence is building within the sector, which is...
Articles & Analysis | Sleeping giant: A number of large projects are taking shape, with benefits expected for the entire economy from The Report: Kuwait 2013
The industrial sector is looking forward to the substantial growth opportunities presented by a number of development projects announced by the government in February 2010. Many hope that 2013 will see progress accelerate on these projects after a number of delays, primarily the result of tensions between parliament and the Cabinet. While challenges...