With demand for electricity and water forecast to keep rising, Qatar continues to make substantial investments in new production. Led by Qatar Electricity and Water Company (QEWC), the public stake-holding company and chief sector player, in 2015 authorities completed one project and initiated two others. The goal is to raise the country’s...
As Qatar’s population and economy have continued to expand in recent years, demand for utilities has also been increasing rapidly. Power and water consumption have recorded average growth rates of 10.4% and 7.7% a year, respectively, over the last half decade, according to the country’s main utilities authority, the Qatar General Electricity...
In his October 2015 budget speech, the newly appointed minister of finance, Colm Imbert, underscored the fact that Trinidad and Tobago’s manufacturing sector had fallen below 10% of national GDP. Estimates from the Central Statistical Office (CSO) put the figure at 8.1% in 2015, with food, beverages and tobacco accounting for around 4.5% of...
Unsurprisingly, given its relatively small land area and high average income, Trinidad and Tobago is dependent on food imports. Between 2010 and 2014, food imports rose from TT$4bn ($616m) to TT$5.8bn ($893.2m), according to data from the Central Statistical Office (CSO). A few main categories – cereals and cereal preparations, fruits and...
Alongside the renewed impetus to diversify Trinidad and Tobago’s industrial sector, businesses are pursuing new export markets for products and services. Traditionally, exports have been focused on the member countries of CARICOM, established in 1973. The largest export market is Jamaica, which received $182m worth of T&T products in the...
One of the two specialised industrial zones currently being run by Darussalam Enterprises, the country’s latest business support service, is the Brunei Bio-Innovation Corridor (BIC). The $300m BIC seeks to raise the Sultanate’s profile in the fast-expanding global halal industry. Figures from Thomson Reuters suggest that this market has a...
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