Category Archives: Business

UAE leads Middle East in manufacturing competitiveness

http://www.khaleejtimes.com/kt-article-display-1.asp?xfile=data/uaebusiness/2012/December/uaebusiness_December423.xml&section=uaebusines

UAE leads Middle East in manufacturing competitiveness

Abdul Basit / 27 December 2012

The UAE ranked top among the most competitive manufacturing nations in the Middle East and the country is expected to continue the leading position in the next five years, according to Deloitte — a global consultancy and financial advisory firm.

In the region, three countries made the list of the most competitive manufacturing countries, including the UAE on top with 3.93 index score, followed by Saudi Arabia at 3.57 score, and Egypt scored 3.24 in the 2013 Global Manufacturing Competitiveness Index report from Deloitte’s Manufacturing Industry group and the US Council on Competitiveness

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Globally, the UAE ranked 30, Saudi Arabia at 34 and Egypt at 36 in the Deloitte index. The UAE will remain on top position in the next five year, according to Deloitte.

“UAE, Saudi Arabia and Egypt are expected to move up in ranking five years from now,” said Bakr Abulkhair, chairman and managing partner at Deloitte & Touche Bakr Abulkhair & Company, Saudi Arabia.

“The identified key dividers between established and emerging manufacturing markets, in the Deloitte report, should provide insights to Middle East countries and manufacturers to assist them in bridging gaps with developed manufacturing markets and building capabilities and economic and political infrastructures to drive growth and job creation in our region,” he added.

The report indicated that over the next five years, 20th-century manufacturing advocates like the US, Germany and Japan will be challenged to maintain their competitive edge to emerging nations such as China, India and Brazil.

The study confirms that the landscape for competitive manufacturing is in the midst of a massive power shift — based on an in-depth analysis of survey responses from more than 550 chief executive officers (CEOs) and senior leaders at manufacturing companies around the world.

The data reveals several divisions in competitiveness between established manufacturing players and their emerging counterparts. It said traditional manufacturing stalwarts are perceived to have an advantage with respect to talent-driven innovation. Emerging manufacturing nations will likely struggle to be competitive in regards to their legal systems, according to the report.

Established manufacturing nations scored far better than emerging manufacturing nations when it came to local economic, trade, financial and tax systems.

The report further said that superior healthcare systems will likely give established manufacturing nations a distinct advantage over emerging players, thanks to their access to quality care and regulatory policies for public health.

When looking at labour costs and availability, stalwart manufacturing nations find themselves squarely on the defensive. The newest of the emerging superpowers have a long way to go when it comes to supplier networks. Newer manufacturing players face an uphill battle when it comes to physical infrastructure competitiveness.

“The emerging superpowers in manufacturing will focus on building the advanced manufacturing capabilities and economic and political infrastructures that drive rapid growth and high value jobs for their citizens, forcing 20th century manufacturing powerhouses to fend off the growing strength of more focused global competitors,” said Craig Giffi, vice-chairman, Deloitte United States (Deloitte LLP) and consumer and industrial products industry leader, who co-authored the report and led the research-team.

The report found that access to talented workers is the top indicator of a country’s competitiveness — followed by a country’s trade, financial and tax system, and then the cost of labor and materials.

“Nothing was more important to CEOs than the quality, availability and productivity of a nation’s workforce to help them drive their innovation agendas,” said Giffi. “Enhancing and growing an effective talent base remains core to competitiveness among the traditional manufacturing leaders — and increasingly among emerging market challengers as well,” Giffi added.

 abdulbasit@khaleejtimes.com

Dubai World Central – the world’s first purpose-built

DWC, the world’s first purpose-built aerotropolis

KhaleejTimes.com

Smartworld unveils GPON for DWC
SUNDAY

Smartworld, a next-generation ICT provider in the Middle East that has been entrusted with the responsibility to provision the ICT network in Dubai World Central, or DWC, has achieved a milestone with the implementation of a gigabit passive optical network, or GPON, network at DWC.

The launch will put DWC, the world’s first purpose-built aerotropolis and strategic initiative of the Government of Dubai, into the league of prestigious gigabit capable precincts of the world and provide next-generation network capabilities to ICT users at DWC. “Following the success of this project, DWC will continue to work closely and take advantage of Smartworld’s specialised expertise,” said Rashed Bu Qara’a, chief operating officer of Dubai Aviation City Corporation.

“The next-generation network unlocks more exciting possibilities for business enterprises operating at DWC, giving them unprecedented networking and communication capabilities,” Smartworld chief executive officer Reyadh Ayesh added.

business@khaleejtimes.com

UAE ranks 20th in merchandise trade

UAE ranks 20th in merchandise trade

YESTERDAY

UAE is the world’s 20th biggest exporter in merchandise trade, according to the most recent classification done by the World Trade Organisation (WTO) Secretariat for 2011, surpassing countries like Australia, Brazil, Switzerland and Sweden.

The UAE exported $285 billion in merchandise trade, next to India (19th position) with exports of $297 billion, according to the WTO report. The UAE constituted 1.6 per cent of the world’s exports which stood at $18.21 trillion of merchandise trade in 2011.

These figures were released on the sidelines of the announcement of the 27th International Autumn Trade Fair (IATF2012), the region’s pioneer consumer goods show, which will be held from December 11–13, 2012 at the Dubai International Convention and Exhibition Centre.

“The report also says that the UAE is the world’s 25th importer in merchandise trade, having imported merchandise worth $205 billion in 2011, 1.1 per cent of the world’s imports of $18.38 trillion. The USA tops the list of importers with $2.26 trillion of imports in 2011. The UAE was ahead of countries like Austria, Malaysia and Sweden in import value, which speaks volumes on the leading position of the country in the global trade in both imports and exports,” said Satish Khanna, general manager of Al Fajer Information and Services, organiser of the show.

“Considering the remarkable role played by the UAE in the global trade, we anticipate great success for IATF 2012, which is regarded the leading regional buyer-seller meeting ground for the consumer goods segment in the Arab region. The show will feature 400 exhibitors from 20 countries. Ranked as one of the more popular general trade fairs in the region, IATF 2012 will occupy 8000 square meters of space,” Khanna added.

The exhibition’s significance is being held at a time when global consumer goods manufacturers are shifting their focus to developing economies. Dubai is ideally poised to gain as a trading hub for consumer goods being surrounded by fast growing markets of the Sub Continent and Africa.

This year, the fair will host the official national pavilions of six countries, occupying 90 per cent of the 8,000-square metres of exhibition space. The national pavilions will include 225 exhibitors from China, 35 from Hong Kong, 15 from Korea, 30 from India, 20 from Taiwan and 10 from Pakistan. Other countries participating at IATF2012 at individual levels include UAE, Netherlands, Turkey, Indonesia, Malaysia and Iran.

Khanna added: “IATF12 will unveil an exciting mix of products comprising cosmetics, foodstuffs, electronics, household appliances, plastic household products, toys, stationery, electrical items, handicrafts, carpets, garments, textiles, house ware, kitchen ware, sanitary ware, novelties, machinery, machine tools, hardware accessories and dairy products.” 


Al Tayer Motors showroom tops world’s Range Rover sales

 

Al Tayer Motors showroom tops world’s Range Rover sales

Al Tayer Motors’ Land Rover showroom on Shaikh Zayed Road has been recognised as the world’s highest selling dealership for Range Rover models for 2011

Read more at:

http://gulfnews.com/business/automotives/al-tayer-motors-showroom-tops-world-s-range-rover-sales-1.1019151