The Middle East

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Recent acquisitions of Turkish agribusiness interests by Gulf investors have highlighted the sector’s opportunities for expansion in the wider region. However, further development of the industry faces challenges, including the need for additional farm labourers.
A new phosphate mining and processing mega-project is set to improve Saudi Arabia’s access to the global fertiliser market, but a potential excess of international supply may extend the period before the multi-billion scheme turns a profit.
The government in Kuwait is weighing-up measures to rein in spending on subsidies and welfare programmes, responding to concerns that the national budget could slip into deficit by the end of the decade.
Insurers in Oman are planning to make better use of technology and raise the industry’s profile in an effort to boost the size of the market and improve profitability in what is a crowded sector.
A drive aimed at encouraging Qatar’s citizens to set up in business is gaining pace, as the government moves to increase the private sector’s contribution to the national economy through regulatory changes and stronger support for entrepreneurs.

A new committee has been launched to build on the success of the Aqaba Special Economic Zone, the centrepiece of a long-term strategy to spread faster and more sustainable economic development to the rest of the kingdom.

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