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Regional Economic Overview - 1998

Country
POP.
GDP
GDP/CAP
IMPORT
EXPORT $ BILL
MILL
$ BILL
$
$ BILL
Non OIL
Oil

Bahrain

0.64
5.30
8280
4.40
1.83
2.87
Iran
61.90
100.30
1620
13.80
2.44
9.76
Iraq
22.30
na
na
3.00
0.00
5.00
Kuwait
1.90
30.40
16000
7.80
1.43
12.87
Oman
2.30
15.00
6520
4.80
1.90
5.70
Qatar
0.74
11.70
na
4.40
1.68
3.92
Saudi
20.70
125.80
6070
26.20
5.97

53.73

UAE
2.70
47.20
17480
29.70
9.88
28.12
ME Total
113.2
335.7
2960
94.10
25.13
121.97
India
979.70
420.80
420
41.34
32.17
 
Pakistan
131.60
63.40
480
10.10
8.50
 
Sources: POP & GDP: www.worldbank.org Oct'99 except 1 which from www.IMF.org
  Trade stats: CIA factbook 1999 www.odci.gov/cia/pulications/factbook
Regional Overview - Country wise

United Arab Emirates
Emirate of Qatar
Sultanate of Oman

State of Bahrain
Emirate of Kuwait
Islamic republic of Iran

United Arab Emirates

Population
Area
Language
Currency

:
:
:
:
2.8 million (1998)
83,600 Sq.Km
Arabic
UAE Dirham
GNP per Capita
Coast Line
President
Prime Minister

:
:
:
:
USD 16,700 (1996)
1,448 Kms
Sheik Zayed Bin Sultan Al Nahyan
Sheik Maktoum Bin Rashid Al Maktoum


The United Arab Emirates (UAE) is important to world energy markets because it has production capabilities of roughly 98 billion barrels in proven oil reserves, or nearly 10 percent of the world's oil supply. The UAE also holds the world's fourth largest natural gas reserves and produces significant amounts of liquefied natural gas.

The United Arab Emirates is the most dynamic, expanding economy in the Gulf region, despite the continued weakness in world oil prices. The U.A.E.'s economic growth has been fuelled by two factors: An on going construction boom in both Abu Dhabi and Dubai, and an expansion of the greater Dubai area (including the neighbouring emirates of Sharjah and Ajman) as a Regional Business Centre and Trading Hub. Major projects throughout the Emirates, ranging from refinery expansions and petrochemical projects, to hotel and tourism facilities, to airport upgrades and expansions will ensure that this boom continues at least through 2005. Serious efforts at enforcing new intellectual property rights laws have encouraged many foreign firms, from film and videos distributors to computer software manufacturers to look seriously at the U.A.E., which should add another boost to the local market and the U.A.E.'s role as regional trade center.

The U.A.E. remains a highly competitive market dominated by government procurement, where the emphasis is on the lowest bidder. Preference given to U.S. companies and products following the 1991 Gulf War has diminished in recent years. Today, Japanese firms & Asian Companies have returned to the U.A.E. with a vengeance, especially in such key sectors as telecommunications, motor vehicles, heavy machinery, and petroleum equipment, while European firms continue a major portion of telecommunication, construction, power, water, and defence projects.

Despite UAE's substantial oil and gas reserves, the country has embarked on several projects to diversify its economy and reduce its dependence on oil and gas revenues. The UAE government has begun investing heavily in sectors such as tourism, aviation, duty-free zones, re-export trade, ports, and telecommunications. As part of its strategy to further expand its tourism industry, UAE plans to build new hotels, restaurants, shopping malls and expand airports and duty-free zones. In early November 1996, Dubai unveiled its strategic development plan for the 21st century. The plan focuses on the private sector and emphasizes capital intensive industries. It calls for new infrastructure construction and the loosening of trade and banking rules. Dubai hopes to become the Middle East hub for trade and finance. As part of its attempt at diversification, Abu Dhabi announced in August 1997 plans to develop an offshore financial and commodity trade center on Saadiyat Island. Abu Dhabi is seeking to raise $1 billion dollars from foreign investors to help finance the $3.3 billion project. Construction is expected to take three years and will include storage facilities, a port, a freight center, and a financial and insurance center to facilitate trading.




Emirate of Qatar

Population
Area
Language
Currency

:
:
:
:
670,214 (1997)
11,437 Sq.Km
Arabic
Qatari Riyal
GNP per Capita
Form of statute
President
Prime Minister

:
:
:
:
USD 21,300 (1996)
Emirate
Sheikh Hamad Bin Khalifa Al Thani
Sheikh Abdulla Bin Khalifa Al Thani

Doha Port

Doha is the commercial port of for the State of Qatar. Port limits include the water area between Lat 25 deg 17 N and Lon 51 deg 45 N east, as far as the high waterline on the shore. Port authority per mission is necessary for shifting of other ports cargo. All Doha cargo must be clear for discharging prior to berthing. Original certificates concerning the vessel must be valid and available on board for presentation to port authority including Master's certificate of competency in original. Vessel should be in possession of a booklet of Gulf Cooperation Council (GCC) rules and regulation for Seaports. The port is equipped with various types of Cranes. All facilities such as bunkering, shipchandling, Fresh water and Diesel procuring, Crew Handling etc can be easily done.

Mesaieed Port

Mesaieed Port is the industrial port of the State of Qatar serving Qatar petroleum Co. It has three berths and various jetties. Qatar navigation Tugs & Barges serve this trade from Dubai to Qatar on regular weekly services.


Sultanate of Oman

Population
Area
Language
Currency

:
:
:
:
2,400,000 (1997)
300,000 Sq.Km
Arabic
Omani Riyal
GNP per Capita
Form of statute
President
Prime Minister

:
:
:
:
USD 6,270 (1996)
Monarchy
Sultan Qaboos Bin Said
Sultan Qaboos Bin Said

Doha Port

Oman is a strategic location with small foothold on Musandam Peninsula controlling Strait of Hormuz. 17% of world oil production transits along this point going from Persian Gulf to Arabian Sea. Climate is generally hot and humid along the coast and strong southwest summer monsoon in South. The natural resources of the country are Crude Oil, Copper, Asbestos, Marble, Limestone, Chromium, Gypsum, and Natural Gas.

Port Qaboos

Port Qaboos is a modern port comprising of nine deepwater berths, three smaller berths, nine modern transit sheds and adequate outside storage space. The port has updated facilities for handling bulk cement, grain, and bitumen with silos capacity of 6,000, 20,000 and 2,000 tonnes respectively located inside the port area. Pilotage is compulsory and pilots may board from launch or tug available on a 24-hour basis.


State of Bahrain

Population
Area
Language
Currency

:
:
:
:
603,318(1997)
620 Sq.Km
Arabic
Bahraini Dinar
GNP per Capita
Form of statute
President
Prime Minister

:
:
:
:
USD 13,000(1996)
Emirate
Sheikh Hamad Bin Isa Al Khalifa
Sheikh Khalifa Bin Salman Al Khalifa

Bahrain is a strategic location in the Persian Gulf through which much of Western World's Crude Oil must transit to reach Open Ocean and also is very close to the primary Middle Eastern Crude oil sources. The total land area is about 620 Sq Km.

Mina Sulman

Bahrain's strategic location in the Arabian Gulf has ensured a sea trading history, which can be traced back some 3000 years. The growth of Mina Sulman over the past decade has played an important role in the development of Bahrain as a major commercial and financial center. Despite recent successes, development processes continue to meet the technological requirement of the Middle East liner trades well into the next century. The policies adopted by the Government of Bahrain helped the port rid itself of early congestion. The first terminal was officially opened in April 1979. Port Sulman is well equipped with the modern facilities. The port has a total quay length of 2,282 meters and finger pier is 800 meters long comprising 10 berths for vessels of upto 9 meters draught. Two container berths of 300 meter also with 11 meter alongside berth are equipped with two 30.5 ton ship to shore gantry gantries and a pair of 35 ton units. All cranes have 38-meter outreach. The port has 120,000 sqm of sheds, 176,000-sqm open storage area and 242,000-sqm container terminal open storage area. All services such as Pilotage, Towage, VHF services etc are available. All vessels should carry International declaration of Health, 5 crew Lists, Ships report, Cargo Gear Register, and Cargo manifest which has to be submitted by agent three days prior to the ship's arrival. All import cargo should bear a certificate of origin with Bahrain embassy or consulate Stamp. The Bahrain authorities will also accept verification from any other Arab Embassy or Consulate.


 

Emirate of Kuwait

Population
Area
Language
Currency

:
:
:
:
1,834,269(1997)
17,820 Sq.Km
Arabic
Kuwati Dinar
GNP per Capita
Form of statute
President
Prime Minister

:
:
:
:
USD 16,700(1996)
Emirate
Sheikh Jaber Al Ahmed Al Sabah
Sheikh Saad Abdullah Al Sabah

Kuwait is a strategic location at the head of Persian Gulf. This country has intensely dry summers and cool winters. The main natural resources are Petroleum, Natural Gas, Fish and Shrimp.

Mina Shuweikh

Mina Shuweikh is the prominent port in Kuwait. The port has 23 berths with a maximum draft 31ft 6 inches and two gantry cranes with 36 tons lifting capacity. The approach channel is being dredged and is hoped to obtain a deeper draft. It is mandatory to use Ports pilotage and navigation, services available round the clock. It is also compulsory to use Ports Tugs for berthing and unberthing for vessels over 46 meters. The load / discharge operations for container vessels RoRo carriers and Bulk Grain vessels are maintained round the clock using three shifts. There are ample trailers, low loaders, mobile cranes and forklifts available for hire in the port. Most berths are equipped with electric shore cranes of lifting capacity 3 - 6 tons. The Port also has a self-propelled floating crane with a lifting capacity of 100 / 25 tons at 10.5 / 25M respectively and can be hired on request. The port also maintains 27 cargo sheds with a total storage area of 200,000 SqM. In addition there is 247,000.00 SqM open storage area for general cargo and 250,000 SqM container terminal situated just outside the port with easy road access between port and terminal.


Islamic Republic of Iran

Population
Area
Language
Currency

:
:
:
:
67,540,002 (1997)
1,648,000 Sq.Km
Parsi
Iranian Riyals
GNP per Capita
Coast Line
Spiritual Head
Head of state

:
:
:
:
USD 5,200(1996)
2,440 kms
HE Ayathullah Khomeini
HE Khatemi

Iran is very vast country with immense resources being, Petroleum, Natural gas, Coal, Chromium, Copper, Iron Ore, Lead, manganese, Zinc, and Sulphur.

Bandar Abbas Port

Bandar Abbas is located 1501 kms away from the Capital city - Tehran. Port Shaheed Rajaee is located 20 kms west of Bandar Abbas. The exact Location of the port is LAT 27deg 07 N Long. 056 deg 04 E. The port has 24 quays and 2.2 million square meters of container terminal. The port authority insists that any vessel coming or leaving the port of Shaeed Rajaee proceeding through Gulf of Oman and Strait of Hormuz should contact the authority on VHF and obtain permission. The Fire Brigade and Port authority work non-stop for emergency cases can be contacted over VHF 14. It is mandatory that all crewmembers strictly follow rules and regulations of the Islamic Republic of Iran. Photography and drinking alcoholic beverages are prohibited in port and all, men or women, should strictly observe the Islamic way of dressing (Hejab). All Foreign crew should get prior permission from the shipping agent, if they want to go outside the port limits. It is compulsory for all vessels to carry a pilot when coming inside and going outside the port limits. All ships entering anchorage area of port for non-commercial operations such as bunkering, crew change, repairs, medical needs, research etc. are exempted for port dues and charges. Port Shaheed Rajaee maintains a modern equipment facility to operate container and bulk vessels.