Page 34 - Trends
P. 34

Cover Story































               Purchasing Managers’ Index (PMI) survey

               Non-oil private sectors of Saudi Arabia and the UAE
               registered steep expansions in the output



               New orders alongside added to burgeoning export
               demand growth in 2017



               57.3
               Saudi Arabia’s PMI measure was 57.3



           As part of the expansion of UAE’s private sector, ADNOC has privatized its   8$( )HGHUDO 0LQLVWHU RI (FRQRP\ 6XOWDQ
                                                                                   ELQ 6DHHG $O 0DQVRXUL VDLG WKH 8$( ZDV
           distribution business by selling ten percent stakes through $851-million IPO.  VHHNLQJ WR DWWUDFW     ELOOLRQ LQ QHZ LQGXV
                                                                                   WULDO LQYHVWPHQWV E\
           HQHUJ\ JLDQW DIWHU $UDPFR  KDV SULYDWL]HG   2WKHU  8$(  VWDWH  FRPSDQLHV   VXFK  DV   ´'HYHORSPHQW DFURVV WKH UHJLRQ LV HQ
           its distribution businesses by selling ten   Emirates Global Aluminium, are due to   FRXUDJLQJ   EXW  LW·V  REYLRXV  WKDW  D  ORW  RI
           SHUFHQW  VWDNHV  WKURXJK  DQ       PLOOLRQ   list this year. At the recently held Global   work is still needed to attract foreign
           ,32  $'12&·V &(2 6XOWDQ DO -DEHU KDV   0DQXIDFWXULQJ DQG ,QGXVWULDOL]DWLRQ 6XP   GLUHFW  LQYHVWPHQW  DQG  IDFLOLWDWH  JUHDW
           VDLG  WKH  VWDWH  ÀUP  FRXOG  ÁRDW  XS  WR       PLW  *0,6   WKH ÀUVW JOREDO JDWKHULQJ RI   er participation in the local economies.
           percent in the unit in future.      top stakeholders in the industrial sector,   6RYHUHLJQ ZHDOWK IXQGV DQG SULYDWH LQYHV
                                                                                   tors can work together to help smoothen
                                                                                   the transition and fund economic trans-
                  30 PERCENT             $70 BILLIOIN            65 PERCENT        IRUPDWLRQ µ  VD\V  7DUHN  )DGODOODK   &(2
                                                                                   Nomura Asset Management Middle East.
             After selling ten percent stakes   The UAE Federal Ministry of   Saudi Arabia plans to increase
             through an IPO, it is expected   Economy said the UAE was   the private-sector investment in   Growing partnerships
               that ADNOC could float   seeking to attract this sum of   the GDP from current   %LWWHQ  KDUG  E\  WKH  ´QHZ  UHDOLW\µ  RI  WKH
                 up to this percent   amount in new industrial   40 percent to this   low growth era as well as tightening bud-
                in the unit in future.   investments by 2025.  percentage by 2030.  JHWV  JRYHUQPHQWV KDYH UDPSHG XS HIIRUWV
                                                                                   WR LQYROYH WKH SULYDWH VHFWRU LQ ÀQDQFLQJ


           34 TRENDS  |  February 2018
   29   30   31   32   33   34   35   36   37   38   39