Outperforming the majority of its regional peers, Colombia has experienced steady economic growth in the past decade registering GDP growth averaging over 4%, a rate set to continue in 2013.
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Auto manufacturers based in Thailand are continuing to boost production capacity, with ground being broken for a series of new plants and expansions to existing facilities. However, there are some concerns that both domestic and export sales may ease later in the year due to expected economic cooling at home and abroad.
Rising competition and the threat of higher costs at home could see Saudi Arabia’s petrochemicals industry come under increased pressure. However, these impending challenges have so far failed to slow the progress of new projects being rolled out across the Kingdom.
Economic update | Saudi Arabia: Drive time
26 Jul 2013
Plans to roll out full car production in Saudi Arabia, part of a broader programme to expand the kingdom’s industrial base, appear set to pick up a gear, with one of the world’s best known marques moving to establish a local manufacturing facility at a time when sales of imported vehicles are rising.
Impulsado por un gran número de trabajadores disponibles y una avanzada infraestructura de tecnología de las comunicaciones, el sector de externalización de procesos empresariales (BPO, por sus siglas en inglés) está experimentando un crecimiento considerable en Colombia.
Despite an improved performance so far in 2013, Turkey’s automotive sector is expected to continue to face hurdles over the coming years. The economies in some of its main export markets are underperforming and new challenges are arising from other producers looking to launch a drive into Europe, potentially raising the level of competition at home and abroad.