Ras Al Khaimah’s economy is well diversified, with five sectors accounting for more than 8% of GDP each: resource extraction and related services; trade; financial services; government services; and construction. Manufacturing is the mainstay of the economy, comprising 26% of GDP. Free zones have been crucial to the emirate’s economic growth, with the government offering investors a range of...
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Chapter | Country Profile from The Report: Ras Al Khaimah 2013
The fourth-largest emirate of the UAE, Ras Al Khaimah may be small, but its geography is varied and it boasts significant resources that have enabled it to complement the hydrocarbons wealth of its neighbours. Home to the largest rock quarry in the Gulf, RAK has built strong cement and ceramics industries, while its 64 km of coastline holds potential for tourism, a sector that the government is...
Interviews & Viewpoints | OBG talks to Sultan J Shawli, Deputy Minister for Mineral Resources from The Report: Saudi Arabia 2013
To what extent is rail network development a “game changer” for Saudi Arabia’s mining industry?
Articles & Analysis | The third pillar: Diversification of output as international investment continues to rise from The Report: Saudi Arabia 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 which the government hopes will become the third pillar of the economy, after oil and petrochemicals.
Articles & Analysis | City slickers: Two new clusters are expected to spark an uptick in private investment from The Report: Saudi Arabia 2013
The emergence of two mining cities in Saudi Arabia could galvanise further private sector investment both upstream and downstream, with a host of new rail linkages set to sweeten the deal.
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...