Kuwait accounts for approximately 6.1% of the world’s proven oil reserves, with hydrocarbons revenues comprising more than 65% of the country’s GDP and 95% of total exports in 2013. Cautious budgetary decisions have resulted in large surpluses, creating a solid base for public expenditure programmes such as the National Development Plan, which is set to diversify the economy and boost employment.
Given the remoteness of many communities and resource development projects which have limited or no access to other modes of transportation, air travel in Papua New Guinea plays a more vital role in economic and social development than its regional peers. In a number of cases, the country’s 22 airports serve as the only reliable link to the...
What is the potential for Lae’s port to be used as a trade hub in the South Pacific region and beyond?
Taking trade flows as an economic indicator, how would you assess the local market’s performance?
Rugged terrain, tropical climate and a widely dispersed population present formidable challenges to Papua New Guinea’s transportation sector as it struggles to keep pace with rising economic growth. While the influx of investment over the past decade as the result of the construction of the PNG Liquefied Natural Gas (LNG) project has been a...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×