With ample energy resources, Brunei Darussalam is working to build a stronger industrial base using its access to cheap power and petroleum products. Downstream industries have already seen significant successes, and efforts are also being made in unrelated sectors, specifically in halal products, where the Sultanate has resources and expertise. High-tech industries are also attracting...
Industry
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Located in the westernmost region of North Africa, Morocco has an impressively diversified economy and in recent years has benefited from steady growth. The country has strong trade links with the EU and has a young population – with the median age of its roughly 32m people at 27.3 years – which in turn provides the country with a large supply of available and comparatively skilled labour.
With a new set of laws set to be passed in 2013 to replace the existing mining code, the government is seeking to open the sector to additional foreign investment and offer more concessions to extract and process the country’s mineral wealth. Phosphates mining accounted for 92.7% of the sector’s total production in 2011. Other mineral resources include gold, silver, barite, cobalt, copper,...
Chapter | Industry & Retail from The Report: Morocco 2013
After experiencing a dip in growth from 2008 to 2010, the industrial sector is expanding once again, with government initiatives being put in place to boost value-added sectors such as aeronautics, automotive production and textiles. The industrial sector accounted for 32.3% of GDP and 23.8% of employment in 2011. A new development plan, the National Pact for Industrial Emergence, promises to...
With plans in the pipeline to inject significant investment into expanding its output of metals, petrochemicals and plastics over the next several years, Saudi Arabia continues to dominate the region’s industrial activity. This should keep the Kingdom at the forefront of the world’s industrial exporters, at a time when global economic uncertainties are subduing demand for many commodities. As for...
With oil prices at sustained high levels and the government pushing ahead with a large-scale investment programme to upgrade infrastructure, address social issues and further diversification, Saudi Arabia’s economy is thriving.