Bahrain has embarked on a reworking of its subsidy framework in a bid to ease the budgetary pressures associated with the fall in oil prices. Meanwhile, the government is also pushing forward with diversification efforts, with the kingdom’s $32bn investment strategy fuelling activity in various areas of the economy.
Strategically situated at the head of the Indian Ocean and bordering Saudi Arabia and the UAE, Oman is a gateway to the GCC region – a re-distribution point and transit hub for shipments to and from Asia, the Indian subcontinent, and East and Central Africa. Transport and logistics has emerged in recent years as a pillar of the sultanate’s development and a critical driver of its economy,...
Despite ongoing economic pressures associated with the drop in oil prices, Oman’s diversification strategy and efforts to enhance wider revenue streams are beginning to bear fruit, as witnessed by continued growth in the non-oil sector despite dropping incomes and wider regional instability.
Despite high levels of government debt and the costs associated with hosting hundreds of thousands of refugees, Jordan’s economy has continued to demonstrate remarkable resilience in the face of ongoing regional instability. A raft of far-reaching reforms introduced in 2016, along with newly brokered international agreements, should help the kingdom continue along its slow but steady growth path in the years ahead.
Jordan’s rail, road, sea and air transport infrastructure is undergoing a rapid transformation, with opportunities for investment in all segments. These projects seek to capitalise on the kingdom’s growing domestic market, as well as on the geographic location that has long made it a natural transport and logistics corridor for the rest of the region, including Saudi Arabia, Iraq, the West...
Since 2008 the Saudi authorities have invested heavily in transport infrastructure projects as part of efforts to expand and diversify the economy as well as reduce automotive transport for both passengers and cargo. Ports have been built, airports expanded and upgraded, and railway and metro projects initiated – and in some cases already completed. Tens of billions of dollars have already...
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