Economy

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The Omani economy saw another good year in 2012, with high levels of growth on the back of increased hydrocarbons production and solid results from the private sector. However, unemployment remains a concern for the authorities.
After watching growth top 8% in 2010 and 2011, Turkey is now seeing its economic expansion ease amid a slowdown in growth both globally and in the eurozone, the impact of civil war in Syria and the doubling of interest rates throughout 2012. Increased focus on domestic demand and exports could see growth rebound in 2013, however.
New developments in the logistics sector, alongside an increase in non-oil trade, are expected to keep Abu Dhabi’s economy on track for moderate expansion in the coming year, with plans for further diversification set to deliver increasingly balanced growth.

Generating over 37% of GDP and contributing about RM263bn ($84.8bn) to GNI, the Greater Kuala Lumpur/Klang Valley (GKL/KV) region is the prosperous core and the administrative axis of Malaysia’s economic growth. In 2011, the number of people living in the region – which falls under 10 local authorities – hovered at about 6m, or around 20% of the...

How do you see Melaka’s policies for economic diversification, and what specific areas will be emphasised in the coming years?

It was in 2006 that the government first unveiled a major new tool in its strategy to help the country achieve fully developed nation status by 2020. Contained within the Ninth Malaysia Plan (9MP), released back then as the latest of the country’s five-year development programmes, was a section outlining the creation of five distinct regional...

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