01 February 2017

Qatar’s non-oil economy set for solid growth

QATAR’S efforts to broaden the economic base away from a reliance on hydrocarbons are gaining pace, as indicated by the country’s non-oil growth figures, said a new report by the global publishing firm Oxford Business Group (OBG).

The country’s plans to implement major legislative and regulatory reforms as part of its bid to diversify the economy and counter the impact of low oil global prices will be analysed in the report on Qatar.

The Report: Qatar 2017 will provide in-depth coverage of the country’s proposed law on public-private partnerships (PPPs), which will be instrumental in boosting investment and increasing the part played by the private sector in the national economy.

The publication will also highlight the preparations under way for the introduction of a Value Added Tax (Vat), assessing its likely impact on both businesses and public resources.

With the private sector now expanding at a faster rate than the public sector, OBG’s report will highlight the areas of the economy proving to be ripe for growth. It will also explore the investment opportunities that the 2022 FIFA World Cup and long-term economic development plan, Qatar National Vision 2030, are making available.


Saudi non-oil exports, imports down in Nov

THE value of Saudi Arabia’s non-oil exports decreased in November 2016 by 9.1 per cent to SR14.397 billion, compared to SR15.842 billion in November 2015.

The value decreased in comparison to October 2016 by 3.9 per cent or about SR592 million, a Saudi Press Agency report quoting the General Authority for Statistics data said.

The value of the kingdom’s imports in November 2016 amounted to SR39.757 billion compared to SR511.39 million, down by 22.3 per cent compared to November 2015, it said.


UAE’s UPS market sees growth

THE UAE uninterruptible power supply (UPS) market has been witnessing considerable year on year growth over the past decade as the number of small and medium businesses (SMB) and other commercial establishments have continuously risen during the period, said a report.

The number of SMBs in the UAE reached 400,000 in 2015, resulting in high demand for UPS especially for UPS Systems with KVA rating less than 10, according to the report titled “UAE UPS Market Outlook to 2021 – Rising Number of SMBs and Enhancing Commercial Sector to Foster Growth”, by Ken Research, a leading market research and data analytics company.

Moreover, the IT and data centre market of the country has also enhanced providing a significant boost to the industry over the period 2010 to 2015, it said.

The report focuses on overall market size for sale of UPS systems. These include revenue from domestic sale of line interactive, online and stand-by types of UPS systems.

Market is segmented based on product type and sub segmented based on their essential features and technical specifications.

Segmentation is also done on the basis of KVA Ratings. The report also covers customer’s buying decision parameters, competitive landscape of major players in the UAE UPS Market and import scenario.

The report concludes with market projections for future and analyst recommendations highlighting the major opportunities and trends.

The UAE UPS market thrives majorly from the import of tools from countries such as China, the Philippines, Germany, Italy, US, India, France, Slovakia and others, said the report.

Almost all the manufacturers present in the industry are importing all of their goods from these countries. No major players operating in the market is manufacturing their UPS systems domestically in the UAE.

There is no custom duty on UPS imports due to which all the major players are importing their products and saving on various investment costs. This trend is likely to continue as UAE is not considered as a manufacturing hub. Any new players entering the market are also likely to import only rather than producing the goods domestically.

Indirect channel will remain the most prevalent way of selling UPS systems in the UAE. Majority of the manufacturers in the market have channel partners spread in different parts of the country. 

Major companies such as APC, Eaton, Emerson Network Power/Vertiv and Tripp Lite have a distribution network consisting of two entities, resellers and system integrators. All these players will be enhancing their stronghold in the market by expanding their distribution network and increasing their number of channel partners.


UAE BACS market set for 8pc growth

The UAE’s building automation and control systems (BACS) market is projected to register a CAGR (compound annual growth rate) of more than eight per cent through 2021, according to a report.

The BACS sector encompasses automatic centralised control of a building’s lighting control solutions,  HVAC (heating, ventilation and air conditioning), energy management systems, security and access control.

These systems are used to reduce, monitor and optimise energy consumption of a building by controlling HVAC and lighting and other systems and to electronically secure buildings.

The UAE growth is mainly due to the increasing focus on infrastructure development and growing government support coupled with rising adoption of energy efficient devices, said the report by TechSci Research, a leading management consulting firm.

In 2015, the country’s BACS market was mainly driven by rising demand from commercial and residential sectors owing to the expanding population base and surging demand for energy efficient systems, stated the research firm in its report: “UAE Building Automation & Control Systems Market, By Product, By Communication Protocol, By Application, By End User, Competition Forecast and Opportunities, 2011 – 2021.”

Government policies and regulations pertaining to energy efficiency and reduction in carbon dioxide emissions is further supporting adoption and deployment of building automation and control systems market in the UAE, it stated.

Integrating Internet of Things with building automation and control systems enables users to control devices through smartphones. Installation of BACS systems is known to reduce energy consumption by up to 30 per cent and lower operational costs.

Growth in the country’s BACS market can be attributed to the surging economy, growing number of infrastructure projects, increasing disposable income, and rising government efforts to reduce carbon footprint in the country, said a top official.

“Growing investment in hospitality sector and other infrastructure projects such as Dubai metro expansion, airport expansions, and implementation of energy efficiency measures taken by the UAE government is driving UAE building automation and control systems market,” remarked Karan Chechi, the research director with TechSci Research.

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