How can private sector industrial and manufacturing companies help diversify Kuwait’s economy?
How can private sector industrial and manufacturing companies help diversify Kuwait’s economy?
The state-owned oil industry is by far the largest sector in Kuwait’s economy, representing more than half of GDP, 95% of exports and roughly four-fifths of state revenues. As oil and its byproducts are used to make more than 300,000 products globally, the country’s petroleum-based industries and petrochemicals hold significant growth potential. By comparison, non-petroleum industrial...
As Kuwait’s economy continues to adjust to the new oil price environment the country’s government is pushing ahead with investment plans and reforms that promise to put the country on a sustainable growth path in the coming years.
Despite considerable geopolitical volatility, Thailand’s economy remains well diversified, stable and poised for expansion in 2017.
The slump in oil and gas prices that began in late-2014 has had a significant downward impact on Trinidad and Tobago’s export earnings, and has revived interest in the non-energy export sector as a potential area for diversification, which could allow the country to benefit from new foreign currency revenue. While there has been progress in...
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