As part of the 2010-14 National Development Plan, Algeria intends to reduce its dependency on oil and gas by nurturing the development of local non-hydrocarbons industries. The government is now pushing ahead with large-scale infrastructure projects to facilitate the movement of goods and passengers and improve logistics, leading to heightened demand for construction materials. Industrial...
Industry
Displaying 463 - 468 of 499
Chapter | Industry & Retail from The Report: Algeria 2012
Oil and gas production continues to dominate the Algerian economy, accounting for almost all of exports, close to half of government revenue and over a third of GDP. In recent years non-hydrocarbons GDP has outstripped wider economic growth, though this is largely driven by public spending rather than private sector activity.
With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
Chapter | Industry & Retail from The Report: Nigeria 2012
Nigeria’s industrial sector is quite small overall, accounting for less than 1% of GDP, but some fields are expanding rapidly. The cement segment, for example, has grown rapidly in recent years, and in 2012, the country produced enough cement to meet local market demand for the first time. Authorities are also planning to use the country’s rising natural gas output as industrial feedstock,...
Exploiting its competitive advantage in energy and, to a lesser extent, labour and land, Qatar’s industrial base has continued to show impressive growth throughout 2011 and into 2012. The oil and gas sector, buoyed by high hydrocarbons prices, has reclaimed its place as the mainstay of the economy, accounting for 51.7% of nominal GDP in 2010 and 57.7% in 2011. The petrochemicals sector continues...
Chapter | Industry & Mining from The Report: Gabon 2012
Industrial activity in Gabon is still at an early stage, with the limited size of the local market and high costs of industrial activities posing major challenges to the development of the sector – indeed, industry accounted for just 7.7% of GDP in 2011. However, major strides have been made in recent years to promote investment and development in industry, including the Industrial Gabon...