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Oxford Business Group
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Gabon’s economy has reached a critical juncture in 2016, with the drop in global oil prices having increased the need for and urgency of economic diversification, while reducing the availability of public financing to back the transformation. Under the now seven-year-old economic strategy, the Emerging Gabon Strategic Plan, the government has hastened efforts to expand the scope of economic activity, focusing on financial services, tourism and agriculture.
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Like other countries in the GCC, Saudi Arabia is undergoing a period of deep economic transformation aimed at easing the pressure on government revenues imposed by a sustained period of low oil prices, while also increasing the contribution of non-oil industries to the national economy. To this end, the government has launched Vision 2030, a long-term policy plan focused on modernising the public sector, developing the country’s human capital and opening up to greater foreign investment.
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Morocco has had success in its recent efforts to build up export-oriented manufacturing projects, which should take over from more traditional industries in driving growth, as well as provide higher-quality employment over the longer term. If the kingdom can continue to attract major investment in high-growth-potential industries such as automobiles, aeronautics, agri-business and offshoring, while also developing well-integrated business ecosystems in these areas, it could achieve the sort of growth rates seen in other emerging markets.
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The growing recognition that economic liberalisation offers the best path forward for the country has been reflected in a number of recent reforms, including a spate of significant stimulus packages that were announced late in 2015 and continued into 2016. http://ow.ly/Rmv9307fvBO
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An economic boom driven by a $19bn natural gas project was followed by a sharp slowdown as global energy prices fell, putting pressure on the government to spread more equitable development in this resource-rich country.

View the full infographic for The Report: Papua New Guinea 2016 here: http://ow.ly/8ten3051DKs
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Trinidad & Tobago's Prime Minister, Keith Rowley believes that service in the public sector has to improve. This will be done by removing bureaucratic impediments and eliminating government corruption, waste and mismanagement.

Read the full interview with Keith Rowley in The Report: Trinidad & Tobago 2016 here: http://ow.ly/5Zbe302zJp8
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OBG talks to Dante Campioni, Managing Director and CEO, Alexbank
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The increasing focus on economic diversification and the ongoing growth of non-energy sectors bodes well for the economy, as does further exploration and improved efficiency in the oil and gas industry.
View the full infographic for The Report: Brunei Darussalam 2016 here: http://ow.ly/SavY302eOVf
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Tourism’s contribution to GDP in Abu Dhabi is expected to reach Dh194bn in 2025. View the Abu Dhabi Tourism Sector in 2016 Infographic
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The Report: Malaysia 2016
Malaysia is enjoying uninterrupted momentum in attracting investment and trade flows destined for South-east Asia. As a leading trading nation it has the necessary infrastructure and determination to compete and partner with its ASEAN neighbors to create a more sustainable growth model.
The Report: Malaysia 2016 is now available: http://ow.ly/LD8a3029D56
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