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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

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            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

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

            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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            Madayn working on major Oman industrial city projects

            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

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

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

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              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

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

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

              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

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

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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

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

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

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

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

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

                Staycations to stimulate Qatar’s hospitality sector

                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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              GCC still reliant on foreign agriculture despite investments

              Gulf News

              September 24, 2013
              in Agriculture
              0

              Gulf Cooperation Countries (GCC) will continue to rely on foreign agriculture for food security despite significant investments made by regional fertilizer companies.

              Dr Abdulwahab Al Sadoun, Secretary General of the Gulf Petrochemicals and Chemical Association (GPCA) said that fertilizer companies in GCC countries were investing a total of $10 billion in current or planned expansion and planned projects.

              He said that these projects would significantly enhance capacity however the lack of water supply within the region meant that food security would be dependent on foreign agriculture for the foreseeable future.

              Al Sadoun said that GCC-based companies will add close to 75 million tons of nitrogen and 6.8 million tons of phosphate rocks to capacity by 2017.

              Phosphate rock is the raw material used to manufacturer most commercial phosphate fertilizers.
              GCC-based companies, including Abu Dhabi-based Fertil, Qatari-based QAFCO (Qatar Fertilizer Company), and Saudi Arabian-based Sabic are set to increase their global Urea market share by seven per cent by 2017.

              Urea is most commonly used in fertilizers as a source of nitrogen.

              Expansion plans and increasing demand from nations in Latin America, Sub-Saharan Africa, and Asia forecast that GCC-based companies increase their market share of global urea exports to 36 per cent by 2017.

              GCC countries currently account for 29 per cent of global urea exports.

              Charlotte Hebebrand, Director General of the International Fertilizer Association, said that the East Asia, South Asia, and Latin American will account for 26 per cent, 25 per cent, and 22 per cent respectively for global increases in fertilizer demand.

              All together she said, fertilizer demand is expected to reach 195 million tons by 2017-2018.
              Despite the opportunities there remained significant challenges for global fertilizer players including fluctuating markets and geopolitical risk in the Middle East North Africa region.

              She said that GCC countries were well placed to face the challenges due to strong support by respective countries, however the significant demand on gas resources for utility generation would drive costs up for the fertilizer industry.

              Other challenge before the industry is the rise in shale gas from the US market. Al Sadoun said that this would have an impact on the international industry but he believed the maturity and development of the GCC-based companies would withstand the US shale gas impact.

              Khalifa Al Sowaidi, CEO of QAFCO, and Chairman of GPCA Fertilizer Committee, said that it was important that regional companies increase cooperation with one another. He said this would enable GCC-companies to grow strongly and adapt easier to market conditions.
              Gulf News
              23 September

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