Friday, May 17, 2019

Half of consumption is locally produced goods. Ministry of Industry sees expansion potential of manufacturing sector


Industrial production was estimated at $13 billion in 2017, according to a study 'Expanding in the Local Market' recently published by the Ministry of Industry (MoI). It is the extrapolated result of a survey of a sample of 1,975 manufacturers out of a total of 5,000 industrial firms.

The total consumption of all goods, excluding energy and jewelry, is calculated as $24 billion. This number is the sum of industrial production, $13 billion in real imports (excluding mineral products, pearl...

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