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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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          Azerbaijan, Iraq discuss prospects of relations

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          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

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            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

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            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

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            Iraq set to award new Faw Port deals

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            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

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            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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              JGC lands $3.7bn Iraq refinery upgradation project deal

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              Tadweer opens phase 2 of solar power plant at Al Dhafra

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              France to help Iraq generate electricity, will invest in education, science: Macron

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              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE sends medical aid to Iraq to fight COVID-19

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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                Saudi to be among world’s big leisure tourism hubs by 2030

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                Qatar’s hospitality sector peaks despite turbulent 2020

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                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

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                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Bahrain: Room to grow

              Oxford Business Group

              May 22, 2013
              in Business, Economy
              0

              With the industrial sector looking to post positive growth in 2013 on the back of increased regional demand, steps are being taken to boost the supply of space for manufacturing activities.

              According to data from the Ministry of Industry and Commerce, industrial production accounts for 17% of GDP. This puts it on a par with the kingdom’s financial sector, long seen as the driving force of the economy, although in a trough in recent years due to the global downturn and local unrest.

              Industry could soon eclipse the finance sector, with ministry forecasts predicting its contribution to the economy will rise to 25% in coming years. The government intends to stimulate this through a range of incentives and investments in infrastructure, especially in transport and logistics, including the addition of a rail link to Saudi Arabia and a road-rail connection to Qatar.

              In a report issued at the end of April, real estate firm Cluttons said demand for industrial space in Bahrain looked set to mark a modest increase this year, rebounding from the uncertainty that the report said had taken a toll on the marketplace. Forecasting a period of relative calm and citing central bank projections of 4% economic growth in 2013, Cluttons said there would be a rise in industrial freehold and leasehold values, though this was in part due to a shortage of supply.

              “The industrial market has seen a slight upturn in performance, although this is underpinned by a lack of stock, rather than an increase in requirements,” the report said. “The low supply levels are translating into increased landlord negotiations, as they are aware of market conditions and are trying to maximize potential returns.”

              Evidence from two of the largest industrial parks in the country – the Bahrain International Investment Park (BIIP) and the Bahrain Investment Wharf (BIW) – also suggests that demand may be catching up with supply, with occupancy rates reaching 70% and 96%, respectively, as of the end of 2012. The BIIP saw 22 new businesses established at the site last year, and a further three projects with a combined value of $500m are due to launch before the end of 2013.

              Salah Janahi, the director of industrial areas directorate at the Ministry of Industry and Commerce, acknowledges that a lack of elbow room at developments such as the BIIP is limiting the pace of industrial expansion.

              “Our main challenge is land scarcity; we are receiving too many applications – both foreign and local – because of the incentives that we offer,” he said in an interview with online publisher Macropolis in early May. “However we do not have enough land at the moment. We are studying the requirements and the report has been raised to the government who are trying their best to allocate more land for the industrial sector.”

              Land is scarce on the island nation, and industry has to compete with other uses, both business and residential. Indeed, the government has pushed in recent years to resolve a long-standing housing shortage, which will likely mean more area set aside for homes. Land reclamation is one solution, with dredging and other work used to expand the area of sites such as Khalifa Port, but this option can be limited by environmental concerns.

              Bahrain will also have to contend with a rising tide of industrial complexes being developed elsewhere in the region, in particular in land-rich Saudi Arabia and Oman, along with Qatar, which is channeling some of its gas and oil revenue into manufacturing.

              Though competition is expected to increase, so too are opportunities. On May 7 Aluminium Bahrain (Alba) released its first quarter results, showing a 2.2% increase in sales and a 3% rise in production. The improvement was in part driven by higher infrastructure spending in Saudi Arabia and Qatar, the company said in a statement.

              In the future, Bahrain will likely experience difficulty accommodating industrial expansion, limiting the sector’s potential contribution to the economy, though by targeting specific markets, and by playing on advantages such as location astride regional trade routes, Bahrain’s industries may be able to overcome the problems of land scarcity and continue to register growth.
              Oxford Business Group
              22 May

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