Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    4 Arab countries penetrate the world with their advanced industries, away from oil

    Rocky
    Rocky
    Admin Assist
    Admin Assist


    Posts : 282968
    Join date : 2012-12-21

    4 Arab countries penetrate the world with their advanced industries, away from oil Empty 4 Arab countries penetrate the world with their advanced industries, away from oil

    Post by Rocky Sat 14 Dec 2024, 4:51 am

    4 Arab countries penetrate the world with their advanced industries, away from oil

    [You must be registered and logged in to see this image.]



    [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.] [You must be registered and logged in to see this link.]



    Economy News - Follow-up
    [rtl] The total value of Arab commodity exports in 2023 amounted to about 1.4 trillion US dollars, and the share of Arab exports amounted to 5.8% of global exports.[/rtl]
    [rtl]As expected, most of these exports are from the energy sector, especially oil and gas, according to a UN report issued by the ESCWA.[/rtl]
    [rtl]Arab exports had peaked with a significant increase of 46.2% in 2022, due to the effects of the Russian-Ukrainian war and the increase in oil and gas prices with the increase in demand from countries around the world, especially the European Union, thus exceeding the global average of 11.4%.[/rtl]
    [rtl]However, slowing import demand from major economies, especially in Europe, North America and Asia, coupled with lower commodity prices (oil and gas), led to an 11.4% decline in total Arab exports, which amounted to $1,388.6 billion in 2023.[/rtl]
    [rtl]This slowdown had negative effects on the balance of payments, especially in the Arab oil-exporting countries, which partially reduced their benefits from the previous two years, but at the same time this situation led to an improvement in the trade balances of the more diversified economies such as Jordan and Morocco.[/rtl]
    [rtl]Some Arab countries have emerged as having been able to penetrate global markets in non-traditional exports, away from oil, gas and fossil fuels.[/rtl]
    [rtl]In this report, we will review the stories of 4 Arab countries that have achieved great success and penetrated global markets in many different industries other than oil and gas, based on the ESCWA report. These countries are:[/rtl]
    [rtl]1- Morocco.. Car industry[/rtl]
    [rtl]In Morocco, government initiatives and foreign investment are the main drivers of automotive industry growth, raising the country's position in manufacturing in Africa and Europe.[/rtl]
    [rtl]Partnerships with leading global car manufacturers paved the way for the creation of a non-traditional industry in Morocco, and this industry was strengthened by the opening of an electric car factory in 2022.[/rtl]
    [rtl]Moroccan car exports now reach more than 70 global markets, especially with European countries.[/rtl]
    [rtl]Morocco produced 535,825 cars at the end of December 2023, its highest level ever, according to CEIC.[/rtl]
    [rtl]By 2023, Morocco will officially become the largest exporter of cars to the European Union, surpassing auto industry giants such as Japan and Korea.[/rtl]
    [rtl]With a strong growth trajectory in finished vehicle production, the country's trade with Europe is set to expand further in the coming years, according to Automotive Logistics.[/rtl]
    [rtl]Morocco's car exports to the European Union in 2023 witnessed a significant increase, reaching a value of 15.1 billion euros ($16.4 billion).[/rtl]
    [rtl]This represents a significant growth of about 30% compared to the previous year, according to estimates by the Moroccan Exchange Office.[/rtl]
    [rtl]Morocco remains in second place in terms of exports of finished cars to Europe, after China, which accounts for 782,000 cars.[/rtl]
    [rtl]Last November, Moroccan Prime Minister Aziz Akhannouch said that his country leads African countries in car production, exporting 700,000 cars annually to more than 70 countries, with revenues exceeding $11.5 billion until October 2024.[/rtl]
    [rtl]Morocco has also been able to enter the ranks of countries that manufacture electric cars after reaching a production capacity of 40,000 electric cars annually, according to Moroccan Minister of Industry Riady Mezzour, which enables it to enter international competition.[/rtl]
    [rtl]Morocco's industry minister said in an interview with Washington-based energy platform last May that his country aims to increase electric car production to 100,000 by 2025.[/rtl]
    [rtl]2- Jordan.. Clothing and pharmaceutical industry[/rtl]
    [rtl]Clothing industry[/rtl]
    [rtl]Before 2000, Jordan was not widely known for its export of high-quality clothing. However, it has since emerged as a leading exporter of clothing, especially to developed markets such as the United States and Europe.[/rtl]
    [rtl]In 2000, Jordan exported $113 million worth of apparel to 15 markets. Over time, exports from this sector have expanded to more than 60 markets, reaching a total value of $2.1 billion by 2023.[/rtl]
    [rtl]This increase is partly due to the country's trade policy that led to a series of trade agreements with the United States and the European Union, which attracted foreign investment and boosted Jordanian exports, according to the ESCWA report.[/rtl]
    [rtl]According to the foreign trade report issued by the Department of Statistics, clothing exports increased in the first 7 months of this year by about 23.3% compared to the year before, reaching 937 million dinars ($1.34 billion).[/rtl]
    [rtl]Pharmaceutical industry[/rtl]
    [rtl]The pharmaceutical industry sector in Jordan is considered one of the main pillars supporting the national economy.[/rtl]
    [rtl]According to the Jordan Food and Drug Administration, the exports of the Jordanian pharmaceutical industry sector recorded a growth of 19% during 2023, with the number of exported pharmaceutical items reaching 2,480 pharmaceutical items, with a total value of 616.3 million Jordanian dinars ($869 million), compared to the volume of exports in 2022, which amounted to 514.7 million Jordanian dinars ($725.8 million).[/rtl]
    [rtl]Jordanian medicines have reached 73 markets around the world, including the United States of America and the European Union countries.[/rtl]
    [rtl]Jordan seeks to increase pharmaceutical exports to JOD2.96 billion ($4.17 billion), increase the number of workers in the sector to 16,000, and raise its contribution to the gross domestic product to JOD2.4 billion ($3.4 billion) by 2033, according to the Jordanian news agency Petra.[/rtl]
    [rtl]Jordan's Hikma is the largest pharmaceutical company in the Arab world with a market value of $5.163 billion at the time of writing.[/rtl]
    [rtl]It was founded in 1978 in Jordan by Samih Darwazeh, and was the first Arab company to enter the American, British and European markets.[/rtl]
    [rtl]The company expanded to acquire factories in America, Portugal, Italy, Tunisia, Saudi Arabia, Egypt and Algeria, and its products reach 52 global markets.[/rtl]
    [rtl]3-Saudi Arabia.. Pharmaceutical industries[/rtl]
    [rtl]The Saudi Arabia pharmaceutical market size was valued at USD 9.4 billion in 2024. The market is expected to reach USD 11.7 billion by 2033, growing at a CAGR of 2.27% during 2025-2033, according to IMARC.[/rtl]
    [rtl]Saudi Arabia's exports of pharmaceutical products amounted to $556.6 million in 2023, according to the United Nations International Trade Database, as reported by the Trading Economist platform.[/rtl]
    [rtl]A report issued by the Ministry of Industry and Mineral Resources reveals the remarkable development witnessed by the pharmaceutical and medical device industry in the Kingdom in recent years, as the number of pharmaceutical and medical device factories combined reached 206 existing factories, and the number of pharmaceutical factories specifically reached 56 pharmaceutical factories licensed and registered with the General Authority for Food and Drug with total investments exceeding 7 billion riyals ($1.86 billion), according to the Saudi Press Agency.[/rtl]
    [rtl]The pharmaceutical market in the Kingdom witnessed remarkable growth during the period between 2019 and 2023, reaching an average of 25%, as the market size increased from $8 billion to $10 billion annually, a growth that confirms the importance of the Saudi pharmaceutical market and its attractiveness for investment.[/rtl]
    [rtl]This sector has achieved progress in its localization rates, and pharmaceutical imports have been reduced from 80% in 2019 to 70% in 2023, according to the previous source.[/rtl]
    [rtl]Among the most prominent pharmaceutical companies in Saudi Arabia that have achieved a global presence, according to a previous report by Al Jazeera Net:[/rtl]
    [rtl](Jamjoom Pharma)[/rtl]
    [rtl]Established in 2000 as a Saudi contribution to provide high quality pharmaceutical products. It manufactures and markets branded medicines, with a market value of $2.79 billion.[/rtl]
    [rtl]SPIMACO (Saudi Pharmaceutical Industries & Medical Appliances Company)[/rtl]
    [rtl]It is a leading Saudi company with a market value of one billion dollars, its factory is located in the Qassim Industrial Zone, and it has a regional presence in 16 countries.[/rtl]
    [rtl]Avalon Pharma[/rtl]
    [rtl]One of the leading pharmaceutical companies in Saudi Arabia, with a market value of $660 million.[/rtl]
    [rtl]Its products are exported to 15 countries in the Middle East, North Africa and Eastern Europe.[/rtl]
    [rtl]Tabuk Pharmaceutical Industries Company[/rtl]
    [rtl]It is considered one of the largest private sector companies in Saudi Arabia. It was established in 1994 and is headquartered in Riyadh. In 2023, it achieved sales of $407.7 million, a growth rate of 16.5% compared to $350 million in 2022.[/rtl]
    [rtl]4- Egypt: Fertilizer industry[/rtl]
    [rtl]Egypt's fertilizer industry has boomed in recent years after a strategic push to expand production.[/rtl]
    [rtl]The discovery of new reserves of natural gas, a key ingredient in fertilizer production, has fueled this growth. By building new plants and upgrading old ones, Egypt has transformed itself from a fertilizer importer into a major global exporter.[/rtl]
    [rtl]Egyptian fertilizer exports rose from just $71 million in 2007 to $2.46 billion by 2023.[/rtl]
    [rtl]Today, Egyptian fertilizers are exported to countries across Europe, India, Turkey and the Arab region, according to ESCWA.[/rtl]
    [rtl]Khaled Abu Al-Makarem, head of the Egyptian Export Council for Chemical Industries and Fertilizers, revealed that the sector’s exports amounted to about $6 billion during the period from January to August 2024, representing 20% ​​of Egypt’s total non-oil exports.[/rtl]
    [rtl]Abu Al-Makarem expected the sector's exports to reach $8.5 billion by the end of this year, 2024.[/rtl]
    [rtl]The most important markets for Egyptian fertilizer exports are: Turkey, Italy, Spain, France, Brazil, Saudi Arabia, Slovenia, Libya, the United Kingdom, and Morocco.[/rtl]




    86 views
    Added 12/14/2024 - 11:47 AM
    [You must be registered and logged in to see this link.]

      Current date/time is Tue 21 Jan 2025, 3:36 am