Industrial Sector The industrial sector in the GCC countries is considered a strategic support to activate the progress of economical diversification that the GCC governments depend on so as to get out of the oil economy cocoon, or the unilateral one. Many of the countries of the GCC countries differ in the agenda to develop its industrial sector, some of them back with giving a push to the role of the derivation industries and the oil accompanying ones like petrochemicals, while the others, in particular Saudi Arabia and UAE, headed to support the role of the transformational industries. However, the industrial sector with its different kinds form a basic foundation in the national economy of the GCC and according to the Joint Arab Economic Report statistics of the year 2006, the percentage of the industrial sector performances in the GDI of the Kingdom of Saudi Arabia reached 59.6%, Bahrain about 38.8%, UAE about 49.2%, Oman about 59.0%, Qatar about 69.2%, Kuwait 61.6%, |
Emal secures $737 mln loans for smelter project |
Business & Finance Club - UAE : The UAE's state-owned Emirates Aluminium (Emal) has secured loans worth around $737 million from export credit agencies to help finance its smelter project, the company said in a statement on Sunday.
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Alcoa-Maaden joint venture raises $4.5bn |
Business & Finance Club - JEDDAH: Alcoa's joint-venture with Saudi Arabian Mining Co. (Maaden) has raised $4.5 billion in debt for their giant aluminum project, three bankers close to the deal said on Saturday.
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Qatofin scores an ethylene milestone |
Business & Finance Club - Doha : Qatar celebrated the achievement of another milestone in the development of the petrochemical sector when Qatofin exported 4,500 metric tonnes of ethylene from the Ras Lafan Olefins Company (RLOC).
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Doosan signs $3.9 billion deal for UAE reactor |
Business & Finance Club - Dubai: South Korean power equipment manufacturer Doosan Heavy Industries and Construction said yesterday it has signed a 4.7 trillion won ($3.9 billion - Dh14.31 billion) deal with the Korea Electric Power Corporation (Kepco) to .. المزيد |
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