Although it may never compete with neighbours with well-established manufacturing sectors and economies of scale, Mongolia has the potential to meet domestic needs and produce goods, such as meat and cashmere for export. The move into mass production faces a host of constraints: Mongolia has a small domestic market, poor infrastructure, a growing minerals sector competing for labour and capital...
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Chapter | Industry & Retail from The Report: Mongolia 2013
The mining sector was a key growth driver of GDP in 2011, when the economy expanded 17.3%. Since 2012 there has been a moratorium on new licences, which is officially set to expire at the end of 2012. Although the major projects are not producing as yet, mining is already the country’s most important economic activity, contributing 20.2% of GDP in 2011, according to preliminary estimates. Coal...
Articles & Analysis | Heavy mettle: The aluminium segment is weathering tough times and investing in preparation for future demand from The Report: Oman 2013
Throughout their modern histories, GCC countries have searched for ways to extract extra value from their massive oil and gas reserves. In the 1970s, aluminium offered these opportunities. The metal, prized for its lightness, flexibility and strength, has made its way into the production of everything from construction components to soda cans....
Articles & Analysis | Heavy duty: Several segments are expanding as part of ongoing diversification from The Report: Oman 2013
For an economy in the process of diversification, the expected further growth of Oman’s industrial sector is a welcome sign. Although a significant share of the sultanate’s GDP is currently derived from the petroleum industry, Oman’s oil and gas supplies are expected to be depleted before those of most oil producers within the region. As a...
Articles & Analysis | Estate practices: Special economic zones are helping to spur development from The Report: Oman 2013
In order to ensure more balanced economic growth throughout the sultanate, a number of industrial estates have been developed. The management of these properties falls under the responsibility of the Public Establishment for Industrial Estates (PEIE), a government body set up in the early 1990s.