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The world faces today the challenges of massive credit shortages in the financial markets, and as mature markets see their economies contract, many investors are turning again to the Industrial sectors.
Furthermore, all the governments within Gulf region are looking to diversify their industries and are allocating subsidies and cheap feedstock on the basis of specialist technologies.
In 2009 the combined economies of the GCC countries will witness a real growth rate of 2.4%, despite the world economic crisis and the fall of oil prices, according to Global Investment House. Among the GCC peers, Qatar is likely to remain insulated with a staggering 9.4% real GDP growth rate in 2009, according to World Bank reports.
Driven by a solid demand from private and public sectors alike, the Middle East industrial sector is experiencing an unprecedented development, providing leadership and investment for developing regional based industries and investing in overseas technologies and production facilities. |