The energy sector is the backbone of Kuwait’s economy, accounting for roughly 90% of both exports and government revenue. Ambitious mega-projects led by state-owned companies responsible for the extraction, processing and marketing of oil and gas also drive the non-oil economy by supporting tens of thousands of jobs in engineering,...
The decision to invest $500bn in Kuwait’s energy sector by 2040 is part of the government’s drive to pursue significant increases in hydrocarbons production. Long-term goals include boosting domestic refinery throughput to 2m barrels per day (bpd) by 2035, and increasing crude oil production and non-associated natural gas output to 4.75m bpd...
Concentrated in two free zones and 19 industrial zones, Sharjah’s industry and manufacturing sector benefits from the emirate’s low cost base, developed infrastructure and connectivity, and proximity to facilities in Dubai. As a result, Sharjah is one of the most important industrial and manufacturing centres of the UAE and the wider GCC...
A persistent shortage of gas has been a key challenge to electricity production in recent years, as the emirate’s installed power generation capacity is dominated by gas-powered facilities. State-owned hydrocarbons company Sharjah National Oil Corporation (SNOC) provides locally produced gas to the emirate’s electricity producer, the Sharjah...
Sharjah’s tourism sector benefits from a range of attractions, including its year-round warm weather, beaches, museums, proximity to Dubai’s shopping facilities and status as a regional cultural hub. The sector faced something of an oil price-related downturn in 2015, but has been showing signs of resurgent growth and is attracting substantial...
Ecotourism is emerging as an important segment of Sharjah’s tourism industry, with a wide range of natural attractions and protected areas in place, as well as two major ecotourism projects currently under construction in the emirate.
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