Hydrocarbons revenues, specifically from liquefied natural gas, still form the bulk of Qatar’s national income. However, as the country moves forward with Qatar National Vision 2030 (QNV 2030), the government is increasingly seeking to diversify the economy away from hydrocarbons while investing in renewable solutions to meet the energy demands of the future.
The transport and storage sector contributed some Dh35bn ($9.5bn) to the emirate’s economy in 2013, equivalent to 3.67% of overall GDP. Sector GDP for the year was up 7.1% on 2012 figures in real terms, with its real compound annual growth rate for the period between 2009 and 2013 standing at over 12%. Several major new infrastructure projects indicate that the rapid development and growth of...
Hydrocarbons revenues still form the bulk of Abu Dhabi’s GDP and while falling prices are a concern, the emirate has been moving steadily towards its economic diversification targets in line with Abu Dhabi Economic Vision 2030. The past 10 years has seen the non-oil sector expand strongly on the back of business-friendly government policies, as a result of which non-oil sector growth now outpaces that of the oil sector.
Dubai’s transport, communications and storage sector is a leading contributor to the economy, accounting for 14.8% of GDP in 2013. Dubai’s reputation as a transport and logistics hub was bolstered in 2010 with the launch of a logistics corridor connecting Jebel Ali Port, Jebel Ali Free Zone and the new Al Maktoum International Airport. The corridor will be supported by the development of...
In many respects 2014 marked the transition from strong recovery to promising growth for Dubai. With many exciting projects in the pipeline, not least the hosting of Expo 2020, the emirate is continuing to build on its reputation as a dynamic and international centre for business.
Expansion of the transportation sector is regarded as crucial for future economic growth in Bahrain; the sector’s contribution to GDP is expected to increase from 4% to 7% in the coming years, driven in large part by the rising population. Upgrades at Bahrain International Airport will boost the facility’s passenger and cargo capacity with the addition of 13 new gates and 40 new check-in...
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