In recent years dates have taken on new significance in the local economy. Since 2005 the emirate has made a concerted effort to boost annual production of dates and improve the quality of the date crop, with the long-term goal of turning the industry into a driver of growth within the agricultural sector. The government-led initiative has...
Agriculture
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Articles & Analysis | Consider the date: Increasing yields expected for one of the emirate’s traditional crops from The Report: Abu Dhabi 2014
Articles & Analysis | Investing in capacity: Expansion is under way at home and abroad from The Report: Qatar 2014
To provide water and power services to its residents and companies, Qatar has invested heavily to build the production capacity needed. The Qatar General Electricity & Water Corporation, known as KAHRAMAA, reports investing more than $9.6bn to upgrade the electricity network between 2000 and 2008. According to Drake & Scull, an...
Articles & Analysis | Seeds of change: Capitalising on a favourable climate, the focus now turns to research and production from The Report: Panama 2014
While the large share of high-value services in Panama’s economy, including finance, telecommunications and logistics, is envious for emerging economies around the world, the small size of its agricultural sector arouses some concern. Despite impressive GDP growth in recent years, including regional records of over 10%, the agriculture sector...
Articles & Analysis | Linking up: Strengthening infrastructure and logistics can help reduce waste and boost competitiveness from The Report: Panama 2014
As Panama’s agricultural sector is faced with direct competition from modern farms in the US and Europe, it is in need of an upgrade to its storage and transportation infrastructure. To this end, various initiatives have been proposed to bring production and handling in line with international levels. Besides emergency stop-gaps to accelerate...
For the past decade Panama has registered impressive economic growth. According to the World Bank, GDP growth averaged 6.8% from 2000 to 2012, while government figures show double-digit growth for four of the past seven years. Economic development has been fuelled by heavy public sector spending on infrastructure, particularly the $5.25bn expansion of the Panama Canal, which should ensure long-term growth.
Although the emirate’s economic growth can be primarily attributed to its vast hydrocarbons resources, it has also made progress diversifying into new sectors such as manufacturing, tourism, aerospace, defence, finance and logistics. In addition to its economic investments, Abu Dhabi has also made major contributions to social welfare as well as infrastructure, which has been identified as the bedrock for future growth.