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Middle East-North Africa Metals and Minerals Have 30% of Global Reserves but Low Development


Industry Segment: Metals & Minerals | Word Count: 1278 Words

SUGAR LAND--August 23, 2016--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Johannesburg, South Africa)--Diversification of Middle East economies, aside from dependence on income from hydrocarbons, has been a stated good intention of governments since 2000. This aim is driven not only by the brittle nature of one-commodity dependence, but also by increasingly youthful populations seeking education and the type of jobs which would be available in a modern, mixed economy. In addition, there is the looming problem of the presence of millions of expatriate laborers and professional and technical staff, who in some countries outnumber the local-born nationals.

Within this article: Lists both world and Middle East steel production figures for the first half of this year.

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