Gulf industry grows 150 percent during past decade
The Doha-based Gulf Organization for Industrial Consulting has recently reported that the value of investments in the Arabian Gulf States had grown by 150 percent over the past ten years. Currently, the total investments in the industrial sector in these states are estimated at $83 million.
In addition to these figures, reported in Al-Hayat daily, the organization publicized that the number of operating factories in the Arabian Gulf States had exceeded 7,300 in 1999, up from 4,386 factories in 1990. These plants currently employ over 568,000 employees.
Furthermore, the output value of the manufacturing industries in these states hit $34.4 billion last year. The average contribution of these enterprises to the local GDP of these countries’ economies increased from 7.7 percent in 1990 to over 10 percent by 1999. — (Albawaba-MEBG)