With a recent milestone achieved in aluminium production and major expansions planned in the steel sector, Oman is becoming an increasingly prominent player in the global metals industry.
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Economic update | Oman: Pedal to the metal
12 Sep 2011
Mongolia’s mining sector is riding high, with the vast Tavan Tolgoi “five hills” coal mine expected to start exports and secure an international partner in the next few months. Meanwhile, a large copper and gold mine is set to start producing ahead of schedule. However, a confusing outcome to an investment agreement signed over Tavan Tolgoi has weighed on investor confidence recently.
Saudi Arabia’s petrochemicals industry is about to get a massive boost, with a new $20bn plant in the works and extensive state spending on infrastructure set to further improve the nation’s logistics backbone. Before the full benefits are realised, however, the sector may have to endure a down period as the recovery of the global economy continues to falter.
Abu Dhabi is looking to increase the role industry plays in its burgeoning economy, stepping up investments in leading manufacturing sectors with an eye to building export markets in the medium term and laying the foundation for a more advanced industrial base in the longer run.
Economic update | Mongolia: Readying for the rush
29 Aug 2011
Ашигт малтмалын их хэмжээний баялаг нь Монгол улсын эдийн засгийг бүхэлд нь өөрчлөгдөхөд хүргэж уул уурхайн холбогдолтой гадаадын шууд хөрөнгө оруулалт(ГШХО) нь хүчтэй өсөлт хурдацтай шинэчлэлт рүү хөтөлж байна.Хэдий тийм боловч инфляцийг бууруулж, шудрага орчин бүрдүүлэн дэд бүтэцийг сайжруулах нь засгийн газрын хувьд гол асуудал хэвээр байна.
While agriculture accounts for about 40% of its national GDP, Nigeria currently produces only a small portion of the fertiliser consumed by its farmers. However, a radical change is in sight, with the recent announcement that two new fertiliser production facilities will come on-line within the next few years.