Industry

As an increasingly significant player in the rapidly expanding global halal market, Brunei is laying the groundwork for further industry growth by extending its reach across Asia and Latin America, while also encouraging product innovation.

With food security becoming an increasingly important issue globally, and in the arid Middle East in particular, Dubai appears to have positioned itself to play an important role in meeting the most basic needs of the region, having emerged as a major processing and food re-exporting centre.

In line with government plans to boost production and draw foreign investment to the aquaculture sector, Oman is encouraging foreign investors to take advantage of opportunities in fisheries and maritime exports.

Several of Indonesia’s developmental priorities – promoting local industry, stimulating domestic consumption and improving infrastructure – have come into sharp focus in recent months, as the government attempts to temper demand and keep pace with growth. In an effort to suppress a bubble in consumer spending, the central bank has set a minimum down payment of 30% on new automobiles and 25% on motorcycles.

Home to Europe’s seventh-largest pharmaceuticals sector and 16th largest worldwide, Turkey is aiming to continue expanding the industry as it welcomes the addition of new firms and investors. While a number of international companies have already set up shop in the country and several more are planning to follow suit, challenges remain for foreign entities, such as government pricing regulations and auditing demands.

As trade and the number of imports into Nigeria continue to rapidly increase, Lagos-based port operators are working to keep up with the rise in associated cargo containers. According to statistics from the Nigerian Port Authority (NPA) released in June, container throughput stood at 73,865 twenty-foot equivalent units (TEUs), a 24.6% increase compared to the same month in 2011.