As Saudi Arabia moves to diversify its economy and reduce its reliance on oil revenue, the energy sector is set to remain of paramount importance to future development. The Kingdom is positioning itself to increase its oil exports over the coming decade in a move expected to help the country maintain its role as a reliable and versatile global supplier in an increasingly...
Saudi Aramco is planning to boost its maximum crude oil production capacity to over 13m barrels per day (bpd) by 2027, up from 12m bpd as of August 2022. This is set to bolster Saudi Arabia’s position in global energy markets and afford the Kingdom greater agility under various possible energy transition scenarios. The expansion plan was announced in March 2020 and is expected...
The retail sector in Côte d’Ivoire has expanded significantly in recent years, attracting foreign brands and seeing the emergence of a number of national retail companies. The issuance of identification cards to official retail traders has helped organise the largely informal commercial sector. The programme also enables small shopkeepers to...
As urbanisation continues, the industrial sector is growing, with more people being employed in industry while traditional agricultural employment decreases. However, agriculture continues to play a significant part in the industrial sector through the development of new processing and packaging facilities. Cocoa and cotton, two major exports...
The government has introduced several new policies to enhance the country’s industrial sector and, in turn, enable private and foreign investors to enter the market. While agro-industry remains the country’s largest industrial segment, the authorities plan to develop other industries and export sectors as the country’s population becomes...
West Africa is experiencing a higher rate of inflation due to lingering pandemic-related challenges, as well as Russia’s invasion of Ukraine in February 2022. Constraints on commodity supply chains have dramatically increased the price of several goods, such as food and energy. Meanwhile, sanctions on Russian exports, especially oil and gas,...
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