According to the Dubai Chamber, manufacturing is among the greatest contributors to the UAE’s non-oil GDP, accounting for roughly 14% of non-oil GDP over the last decade. This figure grew to 16% in 2012 and was expected to rise as high as 19% in 2013. At the national level, the bulk of manufacturing investments are concentrated in heavy industry...
Easy access to air and sea transport, combined with expansions at the Jebel Ali Port and of the national airline, has helped establish Dubai’s position as both a trans-shipment hub and a destination for export industries. The industrial sector continues to provide a major contribution to non-oil GDP, with heavy industries able to take advantage of low energy prices. The emirate’s free zones...
The sultanate’s economy continues to enjoy the benefits of petroleum wealth, which has provided budget surpluses in most years and served as a backbone for growth. However, planning is well under way for an era in which oil will not be the main economic driver, with the twin goals of diversification and creating an increased number of private sector jobs at the top of the government’s current agenda.
The mining industry is set to become an important sector in Oman’s diversification programme. Various exploratory studies, commissioned by the Directorate-General of Minerals at the Ministry of Commerce and Industry (MCI), have recently uncovered substantial deposits of metallic and non-metallic resources across the country, mainly carbonate-...
Given the energy intensity of aluminium smelting, how can the industry enhance efficiency?
As more investment and technology has found its way to Oman’s shores, the fishing industry has seen increasing productivity. In the eighth five-year development plan (2011-15), Oman is expected to spend $259m on fisheries development, and $1.3bn in the 2013-20 period. As the country contends with the difficulties of economic diversification,...
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