With oil prices at sustained high levels and the government pushing ahead with a large-scale investment programme to upgrade infrastructure, address social issues and further diversification, Saudi Arabia’s economy is thriving.
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Economic update | Algérie : Un rôle accru pour les entreprises locales dans le secteur du transport
6 Mar 2013
Dans le cadre d’un programme d’infrastructures qui se chiffre à plusieurs centaines de milliards de dollars, le gouvernement algérien a adopté de nouvelles mesures afin d’encourager une plus grande participation de la part des entreprises locales.
The Kingdom strengthened its role as a hub for trans-shipment services in the Northern Gulf markets last year, buoyed by Saudi Arabia’s growing market. However, while the expansion of these services spells good news, rising demand has also produced challenges.
While hydrocarbons continue to make up the lion’s share of the emirate’s GDP, oil revenues are supporting long-term efforts to diversify the economy. Oil and gas accounts for about 52% of real GDP, down on previous years, followed by construction, manufacturing and real estate. High-quality transport infrastructure, meanwhile, is boosting trade activity and free zones in Abu Dhabi.
As it continues to develop and diversify its economy, transport is playing a central role in the long-term development of Abu Dhabi. Transport and storage contributed approximately Dh20.62bn ($5.6bn) to the emirate’s economy in 2011, or 2.6% of GDP. Aviation in particular is expanding rapidly; the UAE is set to invest $19bn on new aviation infrastructure as it positions itself as a regional...
Chapter | Aerospace and Defence from The Report: Abu Dhabi 2013
With a long-term aim of building up its aerospace and defence industry, the government is focusing on establishing a local aviation centre to develop capacity and attract investment. An important element of this is international linkages, which will be essential to the success of both the aerospace and defence industries in the emirate. The UAE’s good relations with most of the world mean...