Industrial investments in GCC reach $426B
Industrial investments in the Gulf Cooperation Council (GCC) countries have increased to approximately $426 billion, with around 22,000 factories employing more than 1.7 million workers. This reflects a trend towards strengthening the non-oil sector and diversifying the economy. The main targeted sectors include plastics, refined petroleum products, and aluminum. By the end of 2025, manufacturing industries are expected to contribute 13% to the gross domestic product (GDP), with industrial products accounting for 69% of exports. China remains the largest source of imports. Key imported items include equipment, automobiles, and pharmaceutical products. The data underscores the Gulf industry's capacity to compete globally and meet the demand for energy products and metals.
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