Read the October 2022 MEED Business Review – MEED
- Date: 03-Oct-2022
- Source: MEED
- Sector:Oil & Gas
- Country:Saudi Arabia
Read the October 2022 MEED Business Review – MEED
Gulf accelerates non-oil diversification plans; Acwa Power widens regional lead in MEED's annual power developer ranking; Oil market fuels Saudi Arabia's growth ambitions
Gulf countries are accelerating their non-oil diversification plans by investing in large-scale non-oil industrial complexes while also looking to boost existing industrial clusters.
As part of their non-oil economic journey, regional governments are backing industries such as aluminium, steel, other metals and minerals, and industrial equipment manufacturing, as well as providing impetus to the hydrocarbon value chain – in the form of petrochemicals and their derivatives.
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