Following the global oil price drop in 2014, Oman – like the other GCC states – is pushing ahead with its long-term national development plans that seek to diversify the economy.
Transport
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Meeting the country’s growing transport needs remains a priority, thus the national development plan 2015-19 allocates €6bn to upgrading, modernising and expanding air, rail, road and maritime capacities. Foreign investment is actively being sought to incorporate the latest technologies and know-how into the modernisation process. However, efforts to expand the sector face some challenges, such...
Algeria is a key producer of hydrocarbons in Africa, ranking first in gas output and among the top three for oil. It depends on the sector for the majority of government revenue and nearly all exports. Despite reforms to encourage private sector development, promote diversification and attract FDI, the state plays a preponderant role, meaning that changes to government expenditure and investment continue to have a large impact on economic performance.
Nigeria has seen much of its transport network fall into disrepair in the wake of unprecedented recent economic and population growth, as well as decades of underinvestment in critical transport infrastructure. Although rising passenger and cargo demand continues to strain nearly every segment of Nigeria’s transport sector, over the course of 2017 and 2018 the country has made commendable...
Combining oil and gas wealth with the entrepreneurial efforts of its predominantly young population, Nigeria has developed a business-friendly environment over the past two decades of civilian rule. The country has effectively leveraged its abundance of natural resources and harnessed the strength of its 193m-strong population to become a key nation both on the African continent and beyond.
Chapter | Transport & Logistics from The Report: Kuwait 2018
With major new development projects under way across all transport sectors, Kuwait is pouring billions of dinars into transforming its roads, ports and airports. The country’s medium-term objective is to capitalise on its strategic location in order to become the northern nexus of the Gulf, facilitating and profiting from flows of international trade across the region for decades to come. In...