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Qatar’s manufacturing sector adds $7.25bn to GDP in H1 

Qatar’s manufacturing sector adds $7.25bn to GDP in H1 
The gains come amid the rollout of Qatar’s National Manufacturing Strategy 2024–2030. Getty
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Updated 1 min 38 sec ago

Qatar’s manufacturing sector adds $7.25bn to GDP in H1 

Qatar’s manufacturing sector adds $7.25bn to GDP in H1 

JEDDAH: Qatar’s manufacturing sector contributed 26.84 billion Qatari riyals ($7.25 billion) to the nation’s gross domestic product in the first half of 2025, reflecting strong industrial growth, trade expansion, and digital business reforms. 

The sector added 13.44 billion riyals in the second quarter alone, the Qatar News Agency reported, citing data published by the Ministry of Commerce and Industry. 

The announcement followed the ministry’s third quarterly performance review for 2025, chaired by Minister of Commerce and Industry Sheikh Faisal bin Thani bin Faisal Al-Thani, and attended by Undersecretary Mohammed bin Hassan Al-Malki, along with assistant undersecretaries and department directors. 

The gains come amid the rollout of Qatar’s National Manufacturing Strategy 2024–2030, which aims to generate 70.5 billion riyals in value added, boost non-hydrocarbon exports to 49 billion riyals, and attract 2.75 billion riyals in annual industrial investments by 2030.

The strategy features 15 initiatives and 60 projects designed to advance smart manufacturing, enhance research, and align education with industry requirements.

The statement noted that the meeting reviewed the third quarter achievements, sector performance, and challenges, while exploring solutions to improve implementation, efficiency, and service quality. 

“Among the notable achievements highlighted was the entry into force of the Qatar–Turkiye economic and trade partnership agreement on August 1, 2025, which has boosted trade exchange and eased investment restrictions,” QNA reported. 

The agency added that the ministry also launched a digital platform to showcase public-private partnership projects and introduced 20 new e-services covering licensing, market monitoring, competition protection, consumer rights, and anti-commercial fraud. 

In the third quarter, the ministry rolled out the “My Companies” mobile service, a voluntary mergers and acquisitions review program, and received the Golden Shield award, ranking first in the 11th Cybersecurity Drill. 

Other milestones included unifying land, sea, and air freight in a single commercial registry, issuing temporary licenses for Sealine service providers, updating industrial and trade guides, convening the Public–Private Dialogue Forum, enhancing cooperation with the Korean Intellectual Property Office, and granting certain fee exemptions. 

Trade indicators showed strong momentum, with new commercial registrations rising 81.5 percent year on year, active registrations increasing 18.1 percent, and company setup time reduced to two days, QNA stated. 

Active commercial licenses grew 6.8 percent, while 4,631 new non-Qatari companies were established. The single-window platform added five e-services, processed 72,500 transactions — 89 percent electronically — and achieved 94 percent customer satisfaction. 

“Regarding business environment enhancement, the Ministry successfully identified and resolved 35 percent of the challenges facing the private sector. Twelve PPP projects were studied in 2025, three more than in Q2, with four new projects launched and one awarded in Q3,” QNA reported. 

In the consumer affairs sector, the number of specialized licenses issued increased 30.87 percent compared with the third quarter of 2024, while processing time was reduced to one day. 

The time required to process price-adjustment requests for goods and services also fell compared with the first two quarters of 2025. Beneficiaries of ration services rose 2.61 percent year on year, while the number of fodder distributors surged 96.9 percent, the report added. 


Donald Trump Jr. praises Saudi transformation, warns against Chinese ‘dominance’

Donald Trump Jr. praises Saudi transformation, warns against Chinese ‘dominance’
Updated 10 sec ago

Donald Trump Jr. praises Saudi transformation, warns against Chinese ‘dominance’

Donald Trump Jr. praises Saudi transformation, warns against Chinese ‘dominance’

RIYADH: Donald Trump Jr. expressed strong admiration for ֱ’s economic transformation during a major investment conference in Riyadh.

Speaking on the sidelines of the Future Investment Initiative conference, Trump Jr. described the gathering of investors as “amazing,” according to Asharq Business. He contrasted the region’s current climate with that of two decades ago, saying: “No one sane would have thought of investing in the Middle East compared to Europe.”

Alongside his praise for the Kingdom’s progress, he cautioned against growing global influence from China, saying: “Working with our partners to stop Chinese hegemony is probably one of the most important things the world can do.” 

The comments were made during the ninth edition of the FII conference, a high-profile event aimed at attracting international investment to the Kingdom and highlighting its economic reforms under Vision 2030. 

 

 

 


Jordan’s industrial exports rise 7.5% in first 8 months of 2025 

Jordan’s industrial exports rise 7.5% in first 8 months of 2025 
Updated 22 min 12 sec ago

Jordan’s industrial exports rise 7.5% in first 8 months of 2025 

Jordan’s industrial exports rise 7.5% in first 8 months of 2025 

RIYADH: Jordan’s industrial sector saw exports rising by 7.5 percent in the first eight months of 2025 compared to the same period last year, according to official data. 

The nation’s industrial exports from January to August reached 5.56 billion Jordanian dinars ($7.84 billion), up from 5.17 billion dinars recorded during the same period in 2024, the Jordan News Agency, also known as Petra, reported, citing data from the Jordan Chamber of Industry. 

This strong performance means industrial exports accounted for 91 percent of Jordan’s total national exports, which grew 8 percent year on year to reach 6.09 billion dinars.

This positive data comes as Jordan actively positions its industrial sector as a primary engine for economic growth, job creation, and trade-deficit reduction, in line with the nation’s Economic Modernization Vision, which aims to make the country a regional hub for high-value exports.

The JCI attributed the growth to the industrial sector’s “high flexibility and ability to adapt to external challenges.” This export-led expansion remains a critical factor in narrowing the trade deficit and increasing the industry’s contribution to the national economy. 

Data also showed that industrial exports now cover 42 percent of the country’s import bill.

A detailed breakdown by the JCI’s Studies and Policies Department showed growth in nine out of 10 industrial subsectors. The construction industries segment led with a 77.6 percent increase, while the wood and furniture industries sector was the only one to decline, falling 11.2 percent.

The chemical and cosmetics industries sector topped the list with exports worth 1.23 billion dinars, narrowly edging out the leather and textiles sector, which recorded 1.19 billion dinars.

The engineering and electrical industries sector followed with 1.03 billion dinars, while the mining and food and supplies sectors rounded out the top five at 751 million dinars and 590 million dinars, respectively. 

Other sectors included therapeutic industries and medical supplies at 399 million dinars, and plastics and rubber at 123 million dinars. 

Key exported products driving this growth included clothing and accessories, nitrogenous and chemical fertilizers, and pharmaceutical preparations. 

Exports reached a diverse range of international markets, with ֱ and India as the top destinations, followed by Iraq and Syria. 


ACWA Power to implement projects worth $115bn worldwide 

ACWA Power to implement projects worth $115bn worldwide 
Updated 41 min 34 sec ago

ACWA Power to implement projects worth $115bn worldwide 

ACWA Power to implement projects worth $115bn worldwide 

RIYADH: Saudi utilities giant ACWA Power plans to forge strategic partnerships and secure major financing to support its sustainability goals and strengthen ֱ’s position as a global leader in clean and renewable energy, according to Hisham Tashkandi, the company’s regional president in ֱ.  

ACWA Power’s total projects in the Kingdom have increased to 39, with investments exceeding $68 billion. These include the Shuqaiq, Ar Rass, and Al Kafa’a projects, all part of an integrated clean energy system in ֱ,. 

The company continues to expand its presence in renewable energy, water desalination, and green hydrogen through a portfolio of large-scale projects being developed both domestically and abroad. 

Speaking on the sidelines of the Future Investment Initiative forum in Riyadh, Tashkandi said ACWA Power now operates around 110 projects worldwide, with an investment portfolio of about $115 billion. 

He added: “2025 will be a pivotal year for the company, as it anticipates the completion of several major projects that will contribute to enhancing ֱ’s capabilities in sustainable energy and water desalination.” 

Tashkandi highlighted the Shuqaiq, Ar Rass, and Al Kafa’a initiatives among the company’s most significant clean energy ventures.  

He noted that ACWA Power currently produces around 9 million cubic meters of desalinated water daily worldwide, including 4 million cubic meters within ֱ — about 30 percent of the Kingdom’s total production — underscoring the firm’s role in supporting national water security. 

The company is also developing projects in Rabigh and Hajr, alongside new initiatives under the National Renewable Energy Program, supervised by the Ministry of Energy. Tashkandi said ACWA Power recently launched the fifth and sixth phases of renewable energy projects under the program, with the sixth phase valued at about $6 billion. 

Regarding green hydrogen, he explained that the NEOM Green Hydrogen Project will be among the largest in the world, producing approximately 600 tonnes of hydrogen per day once operational. The project marks a strategic step toward achieving the goals of Saudi Vision 2030, including energy diversification and carbon emission reduction. 

Tashkandi emphasized that ACWA Power will continue to play a central role in the Kingdom’s energy transformation through strategic partnerships and substantial investments that advance sustainability and solidify ֱ’s standing as a global clean energy hub.   

For his part, Mohammad Abunayyan, founder and chairman of ACWA Power, said the company’s projects include generating around 4 gigawatts of solar and wind energy. 

He noted that the world is facing an urgent need for energy security and supply chain stability, and highlighted ֱ’s diverse energy resources — including solar, wind, and storage — as a unique advantage among Gulf Cooperation Council countries. 

Abunayyan added that ֱ is building the world’s largest green hydrogen plant, and that renewable energy now powers 100 percent of the company’s desalination operations, helping reduce water and desalination costs by about 85 percent over the past decade. 

He also pointed out that China plays a crucial role in the global energy transition, saying: “Without China, there would be no energy transition. It is driving innovation and providing solutions for the world.” 


Red Sea Gateway Terminal inks $433m deal with CMA CGM Group to develop Jeddah Islamic Port

Red Sea Gateway Terminal inks $433m deal with CMA CGM Group to develop Jeddah Islamic Port
Updated 43 min 58 sec ago

Red Sea Gateway Terminal inks $433m deal with CMA CGM Group to develop Jeddah Islamic Port

Red Sea Gateway Terminal inks $433m deal with CMA CGM Group to develop Jeddah Islamic Port

RIYADH: The Red Sea Gateway Terminal has signed an agreement with French-based CMA CGM Group to develop and operate a fourth container terminal at Jeddah Islamic Port, the Saudi Ports Authority announced. 

The agreement worth SR1.7 billion ($433 million) was signed during the ninth annual edition of the Future Investment Initiative in Riyadh, the Saudi Press Agency reported. 

The agreement aligns with ֱ’s National Industrial Development and Logistics Program aims to increase the contribution of the logistics sector to the Kingdom’s gross domestic product to 10 percent by 2030, up from 6 percent now. 

The SPA report added that the fourth container terminal at the Jeddah Islamic Port is expected to have a handling capacity of 2.6 million twenty-foot equivalent units, further strengthening the facility’s position as a major logistics and trade hub on the Red Sea.

SPA, quoting Suliman Al-Mazroua, president of the Saudi Ports Authority, also known as Mawani, said that the “strategic partnership reflects the Kingdom’s commitment to realizing the objectives of Saudi Vision 2030, particularly in transforming Saudi ports into world-class logistics hubs.” 

He added that Mawani is proud to support initiatives that enhance capacity, connectivity, and innovation across its port network, reinforcing the Kingdom’s role as a global gateway for trade and a driver of sustainable economic growth.

The new terminal is a part of RSGT’s broader expansion strategy at Jeddah Islamic Port under its existing long-term concession with Mawani, originally executed in 2020.

The SR1.7 billion investment will focus on building advanced infrastructure, deploying modern cargo-handling equipment, and integrating next-generation digital and sustainable technologies to enhance operational efficiency and reliability.

Once completed, the terminal will increase RSGT’s total annual handling capacity to about 8.8 million TEUs. 

The project is also expected to strengthen Jeddah Islamic Port’s competitiveness by improving service quality and connectivity through CMA CGM’s global network and RSGT’s operational expertise. 

Jeddah Islamic Port, the largest such facility on the Red Sea, plays a pivotal regional and international role due to its strategic location and 62 multipurpose berths, further cementing the Kingdom’s leadership in the global maritime and logistics sectors.


Saudi POS transactions hold above $3bn in late October

Saudi POS transactions hold above $3bn in late October
Updated 52 min 13 sec ago

Saudi POS transactions hold above $3bn in late October

Saudi POS transactions hold above $3bn in late October

RIYADH: ֱ’s point-of-sale transactions remained above the $3 billion mark for the fourth consecutive week, underscoring the resilience of consumer activity even as overall spending moderated in October. 

According to the latest data from the Saudi Central Bank, also known as SAMA, consumer spending stood at SR11.69 billion ($3.12 billion) during the week ending Oct. 25, reflecting a 4.2 percent decline from SR12.21 billion a week earlier. 

The total number of transactions also fell by 4.5 percent to 212.7 million, compared with 222.7 million in the prior seven-day period. 

Data revealed declines across most spending categories, led by laundry services, which saw the steepest fall — a 10.3 percent drop in value to SR42.58 million. Spending on jewelry followed, with a 9.1 percent decrease to SR390.69 million. 

The airlines category saw the largest increase, up 18.5 percent to SR57.88 million, followed by freight transport and courier services, which rose 5.6 percent to SR33.63 million. 

Spending on restaurants and cafes dropped 4.7 percent to SR1.45 billion, while food and beverages fell 6.6 percent to SR1.79 billion. Purchases of apparel and accessories declined 3.2 percent to SR852.42 million, and construction and building materials slipped 2.8 percent to SR384.69 million. 

The Kingdom’s major urban centers mirrored the national decline. Riyadh, which accounted for the largest share of total POS spending, recorded a 2.4 percent drop to SR4.28 billion, down from SR4.38 billion the previous week. The number of transactions in the capital fell to 71.8 million. 

In Jeddah, transaction values decreased 4.9 percent to SR1.61 billion, while Dammam reported a 4.7 percent contraction to SR590.63 million. 

Other cities, including Makkah and Madinah, also registered notable declines in consumer spending, down 3.4 percent and 3.2 percent, respectively. 

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the expanding adoption of digital payments in ֱ. 

The figures also highlight the wider reach of POS infrastructure, which now extends beyond major retail hubs to smaller cities and service sectors, supporting the Kingdom’s digital inclusion initiatives. 

The continued growth of digital payment technologies aligns with ֱ’s Vision 2030 objectives, promoting cashless transactions and contributing to the Kingdom’s broader digital economy.