2014-02-07 23:33:02 - MENA Mining Report Q1 2014 - a new market research report on companiesandmarkets.com
We expect to see strong growth in the mining sector of the Middle East and North Africa over the coming years. With low base effects, governmental will to increase non-oil revenues and significant resources it appears the region is set for strong growth. We highlight Turkey and Northern Iraq as key areas for growth.
That said, the region will remain peripheral in the global mining sector as it continues to underperform due to political instability in much of the region.
Iran To Stay Out Front Despite Declines Middle East - Mining Industry Value (US$bn) Morocco Egypt Saudi Arabia Iran Iraq Turkey 2007 2008 2009 2010 2011 2012 2013f 2014f 2015f 2016f 2017f 0 20 40 60 80 f = forecast., UN The
key area for growth in the MENA region will be in gold. Although we are forecasting lower average gold prices over the coming quarters, we expect prices to remain elevated by historical standards. Given the relatively low cash costs for gold production, as well as low base effects, we expect to see substantial growth rates over the coming years.
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