Ezz_steel1
kuwait_steel1
imatal4

Summary of the first report The Economic Committee of the Arab Iron and Steel Union

  • The Middle East and North Africa region is expected to witness modest growth rates, averaging between 1.5% and 3.5% during the period from 2019 to 2021, compared to 1.6% in 2018.
  • Over the past years, the countries of the region have witnessed large inflation rates as a result of economic reforms, reducing government subsidies on energy prices, and implementing value-added tax (in Egypt, UAE, Saudi Arabia), and Oman is scheduled to start implementing the tax at the end of this year, and Kuwait during 2021.
  • The economic growth rates of the oil-exporting countries are expected to reach 2.1%, while the expected economic growth rates for the oil-importing countries will reach about 4% during the same period, affected by the strong growth in the Egyptian economy.
Share on twitter
Twitter
Share on facebook
Facebook

More

Ezz-780-1
kuwit-steel3
mih-1

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed