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Gulf invests 426B in industry
Data published by the Statistical Center for the Gulf Cooperation Council countries show that industrial investments in the region have reached approximately $426 billion, with around 22,000 factories. This reflects an accelerating economic transition and a reduction in dependence on natural resources. The figures indicate that the industrial sector employs more than 1.7 million workers, with industries such as plastics, refined oil, aluminum, and iron and steel primarily driving investments and exports. Additionally, the Gulf industry accounts for about 69% of exports to global markets, while China remains a major source of imports, contributing nearly 20%. This highlights the sector's competitiveness and its role in enhancing economic diversification, with a focus on downstream industries and essential inputs to achieve sustainable development.
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