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Gulf steelmakers spend billions going green; Prospects for Maghreb region improve despite challenging political environment; Good times continue to roll for GCC banks
Gulf steelmakers are undertaking projects that could establish the region as a green steel hub.
While the Middle East and North Africa accounts for just 5% of global steel output, steelmakers in the region – particularly in the Gulf – have committed billions of dollars to investments in steel projects that can implement most proven clean technologies.
With projects increasingly turning to regional producers for low-carbon steel, the August issue of MEED Business Review looks at why the region can expect more of these deals in the future.
In our latest issue, we also learn that cleaning up one of the world’s most polluting industries requires a steely resolve. Read about how regional and international steelmakers are tackling the challenge of decarbonisation here.
Meanwhile, this month’s exclusive 22-page market report highlights the Maghreb, where stable growth, lower inflation and higher project activity all bode well for Algeria, Libya, Morocco and Tunisia, despite a dim political backdrop across the region.
MEED’s latest issue is packed with insight and analysis. The team assesses what the victory of reformist candidate Masoud Pezeshkian in the second-round run-off vote of Iran’s 2024 presidential election will mean for the country; looks at how banking institutions in the Gulf are generally in robust health despite looming interest rate cuts; and learns that conflict in the Middle East has yet to make its way onto the balance sheets of Middle East banks.
In this month’s issue, we also examine how sandboxes are spurring innovation in the Middle East.
What’s more, the August issue includes interviews with Gerry Traynor, senior vice-president of Middle East projects at UK-based engineering consultant Wood Group; and Fahad AlSolaie, deputy mayor for digital transformation and smart cities at Riyadh Region Municipality.
We hope our valued subscribers enjoy the August 2024 issue of MEED Business Review.
Must-read sections in the August 2024 issue of MEED Business Review include:
> AGENDA: Gulf charts green steel pathway; Steel takes on decarbonisation
> CURRENT AFFAIRS: Iranian election delivers reformist victory
> INTERVIEW: Wood seeks to improve grip on Gulf market
> LEADERSHIP: Sandboxes spur innovation in the Middle East
> RIYADH REGION MUNICIPALITY: Transforming Riyadh into a world-class city
> MAGHREB MARKET REPORT:
> POLITICS: Maghreb region grapples with governance
> ECONOMY: Olive oil and renewables offer respite
> INVESTMENT: Morocco garners increased foreign investment
> ALGERIA OIL SECTOR: Chevron deal raises Algerian oil and gas hopes
> LIBYA OIL SECTOR: Libya struggles to stabilise energy sector
> MOROCCO OIL SECTOR: Oil and gas companies press on in Morocco
> HYDROGEN: Maghreb eyes hydrogen breakthrough
> POWER: Algeria jumpstarts its renewables programme
> RAIL: Maghreb rail sector heads for boom
> CONSTRUCTION: Maghreb construction sector brightens
> MAGHREB DATABANK: Maghreb markets improve metrics
> MEED COMMENTS:
> Saudi projects move to reflect World Cup focus
> Doha steps up drive to foster demand for projects
> PIF hydrogen move changes game
> Aramco gives shape to massive gas portfolio
> GULF PROJECTS INDEX: Iraq drives Gulf projects market growth
> JUNE 2024 CONTRACTS: Saudi Arabia contributes almost half of regional total
> ECONOMIC DATA: Data drives regional projects
> OPINION: The death of political risk
> BUSINESS OUTLOOK: Finance, oil and gas, construction, power and water contracts
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