Sharjah’s early efforts towards economic diversification have paid dividends, turning sectors such as heavy industries and transport and logistics into key enablers of economic growth. Meanwhile, the presence of several major universities in the emirate has helped grow its reputation as a major educational centre for the region.
Once considered West Africa’s industrial powerhouse, Côte d’Ivoire’s manufacturing sector was badly affected by a decade of political unrest that curtailed further expansion. However, this is gradually being reversed as political stability and consecutive years of economic growth are enhancing the environment for industrial development and helping to diversify the country’s production base....
Cote d’Ivoire has seen rapid growth since a decade-long bout of civil unrest ended in 2011. The largest economy in UEMOA, and the third largest in ECOWAS, the country accounts for more than 30% of the eight-member bloc’s GDP.
From heavy industries largely owned by government entities to regional headquarters for multinational companies, Bahrain has a vibrant manufacturing sector that is growing steadily and playing an increasingly important role in the economy. The global downturn in both crude oil and commodities prices squeezed profit margins despite record production by Bahrain’s petrochemicals plants and...
Bahrain has embarked on a reworking of its subsidy framework in a bid to ease the budgetary pressures associated with the fall in oil prices. Meanwhile, the government is also pushing forward with diversification efforts, with the kingdom’s $32bn investment strategy fuelling activity in various areas of the economy.
Announced in January 2016, Oman’s ninth five-year plan is the final component of is long-term blueprint Vision 2020 and includes mining as one of five pillars of economic diversification being fast-tracked by the sultanate. With the government targeting 6% annual growth in the sector, and major regulatory initiatives attracting increased investor interest, mining is poised to surge in 2017-18...
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