imported 2024-03-17 17:43:07
The real estate sector in Saudi Arabia has been one of the major economic supports for the economy of the country for at least the last two decades. The outlook for the real-estate sector is positive. There will be tremendous growth. Within the last three years, there was almost 300% growth in the real estate market, and in projects and development in general.
Dr. Mohammed H. Al Kathiri, Secretary-General of Riyadh Chamber of Commerce and Industry
The Saudi economy in general has been growing over the last few years and is going to continue growing according to statistics from the Ministry of Economy and Planning and in view of what’s going on in the region. Saudi Arabia is the largest economy in the region and is a member of the G20; it is one of the world’s leading oil producers and exporters and the largest producer of petrochemicals in the Middle East.
Riyadh Chamber of Commerce and Industry discusses the role of the private sector in Saudi Arabia. The private sector is playing an increasingly large role in the Saudi economy, and now accounts for 48% of GDP. The non-oil sector of the economy is growing faster than the oil sector, with construction, transport and communications sectors expanding at double-digit rates.
Saudi Arabia’s economic diversification is a difficult policy to implement. Abdulrahman Al-Zamil talks about the economic diversification.
Saudi Arabia’s economic outlook is positive on the backdrop of higher private sector growth and gains in productivity.
Gerard Hounkponou, Chief of the UN Conference Centre, Conference Coordination Unit, Conference Services Section, believes Ethiopia will become one of the leading economies in Africa.
Benoit d’Iribarne, President of Saint-Gobain Brazil and CCFB SP (Sao Paulo French-Brazilian Chamber of Commerce), gives an overview of the brazilian industrial sector and presents the French-Brazilian Chamber of Commerce and its main sectors.
Ethiopia Top Stories
Robust economic growth of Ethiopia during the last decade contributed to poverty alleviation in the country
While the economy of sub-Saharan Africa grew on average by 4.9%, Ethiopian economy registered a robust growth of 7.5% in the 2012/13 fiscal year according to the latest African economic outlook. Since the 2004/2005 fiscal year Ethiopian GDP had been steadily growing by an average of 10.6% each year according to the World Bank data. This in turn pushed the country to rank among the top fastest growing economies across the globe; led by the expansion of services followed by agriculture and manufacturing.
Seven billion dollars was invested in the city of Erbil in the last eight years. The effect of this investment can be seen in the infrastructure and construction of the city. Furthermore, about 65% of an $18 billion investment to support the private sector was spent on Erbil.
Faces of Economy – Lebanon
FACES OF THE ECONOMY: Faouzi Issa
There are 1.4 million workers in Lebanon – this is the story of one of them.
I was ten years old and I used to hate it, says Faouzi Issa of his family’s Sunday lunch tradition some twenty years ago at Domaine des Tourelles vineyard which his father now owns.
