01 January 2017

Gulf Industry magazine helps you catch up with the numbers behind economic and industrial developments in the region.

Dubai non-oil foreign trade hits $259bn

DUBAI’S non-oil foreign trade reached Dh952 billion ($259 billion) in first nine months of 2016 with a 11 per cent surge in the total volume of traded goods, rising as high as 70.82 million tonnes of commodities.

Imports had the lion’s share at Dh594 billion (46.81 million tonnes and 12 per cent increase), while exports and re-exports accounted for Dh109 billion (11.84 million tonnes and 8 per cent increase) and Dh249 billion (12.17 million tonnes and 10.5 per cent increase), respectively.

“To offset the impact of the general slowdown in world economy, lower commodity prices and the slump in oil prices, Dubai has wisely restructured and broadened its sources of revenue while taking considerable measures to stimulate growth in the affected sectors,” said Sultan Ahmed Bin Sulayem, DP World Group chairman and CEO and chairman of Ports, Customs and Free Zone Corporation,.

Dubai has early on realised that attracting foreign investments is a necessary must-do step, noted Bin Sulayem.

To maintain Dubai’s business appeal, an advanced trade infrastructure, convenient government services at seaports and airports, a well-established legislative structure and a unique public-private partnership were all in place.



Diesel gensets market to top $16.9bn by 2020

THE diesel generators market is expected to grow from an estimated $13.06 billion in 2015 to $16.96 billion by 2020, at a compound annual growth rate (CAGR) of 5.4 per cent, according to a report.

The rapidly growing demand for continuous and reliable power across industries and the commercial sector is the primary growth driver of this segment, stated MarketsandMarkets, a leading business research firm, in its report “Diesel Generators Market by Application – Global Forecast to 2020”.

The report includes profiles of some of the leading players in the diesel generators market such as Caterpillar (US), Cummins (US), Generac Holdings (US), Kohler Co (US), MTU Onsite Energy (Germany) and Mitsubishi Heavy Industries (Japan).

Dominant players are trying to penetrate the developing economies and adopting various methods to grab the market share, said the report.

The scope accordingly aids market participants to identify high growth markets and help in managing key investment decisions. For this report, major players in the diesel generators market have been identified using various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing personnel.



Qatar’s sanitary ware market to grow at 9pc

QATAR’S sanitary ware market is projected to grow at a compound annual growth rate (CAGR) of over nine per cent during 2016 to 2021, said a report by TechSci Research, a global management consulting firm.

Growth in the market is anticipated on account of increasing hygiene consciousness, growing hospitality sector, rising disposable income, high urbanisation rate and booming commercial sector, stated TechSci in its report titled “Qatar Sanitary Ware Market By Product Type, By Application, By Organized Vs. Unorganized, Competition Forecast and Opportunities, 2011 – 2021.”

Moreover, introduction of technologically-advanced sanitary ware, increasing construction in the wake of Fifa 2022 and the government›s vision to develop the country by 2030 are expected to boost the demand for sanitary ware in Qatar through 2021, said the report. On the basis of product type, Qatar sanitary ware market has been broadly segmented into five categories, namely, water closets and cisterns, basins, urinals, bathtubs and others, it added.Among these categories, water closets and cisterns dominated the country›s sanitary ware market in 2015, and the same trend is expected to continue over the next five years as well.



UAE packaging industry set for 5pc growth

UAE paper and packaging industry is the fastest in terms of growth in the Mena region, reaching a market valued at $ 2.3 billion and will maintain an annual growth rate of 5 per cent till 2019, said a report.

In the light of the rapid growth of paper and paper related products’ market in the Mena region, Paper Arabia 2016, the 9th edition of the international exhibition for paper, tissue and converting industry will take place from December 13 to 15 at the Dubai International Convention and Exhibition centre, DWTC.

“The exhibition is a unique platform and this edition brings together manufacturers, buyers and traders from 30 countries .Strong presence of participants representing Europe, a Canadian engineering and manufacturing company and Morocco as well. Also exhibiting are the renowned Saudi Paper Group from KSA and Fine Hygienic Paper FZE, UAE,” said Satish Khanna, general manager of Al Fajer Information and Services, the show’s organisers.

“Paper Arabia 2015 witnessed the attendance of more than 8,500 trade visitors from 60 countries, concluding deals that reached more than AED 800 million and our expectations are higher for the 2016 edition. In addition to the tissue industry, the focus will be on the corrugated and carton industry, with new technologies and trends and the latest machinery which will be on display,” added Lamyae Zafati, exhibition manager.

The focus in the UAE is a sustainable future and one will witness that the paper industry is already adopting greener and smarter solutions to allow the use of sustainable paper and environmental friendly packaging.



Bahrain origin goods export up 10pc to $379m

The value of national origin products exported from Bahrain was BD143 million ($379 million) last month, as compared to BD130 million in October, marking a month-on-month increase of 10 per cent, a report said.

Eighty-seven per cent of them went to the top 10 ranked countries and 13 per cent to other countries, added the Foreign Trade Report for Non-Oil Products released by Information & eGovernment Authority (IGA).

The US has been ranked as the top country importing from Bahrain with BD32.2 million, Saudi Arabia ranked as the second with BD32.1 million and the UAE comes in third place with BD16 million.

Imports value reached BD394 million during November.

Top ten countries account for 65 per cent of the imports value and 35 per cent for other countries. China has been ranked as the first country that exports to Bahrain with BD46 million, the US ranked as the second with BD44 million, while the UAE has been ranked as the third with BD30 million.

Floating or submersible drilling platforms emerged as the top product imported to Bahrain with BD19.4 million, while the tugs and pusher craft as the second with BD18.5 million. Sedan vehicles were the third products with BD18 million during November.


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