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2.10.2 Chile
Chile is the world’s largest producer of copper, and the Chilean economy was impacted by the drop in international copper prices in 2013. Real GDP growth stood at 4.1%, a slowdown from growth in 2012. In January 2014, the first International Investment Forum Chile was held in Santiago with 107 companies participating from 18 countries. These companies are estimated to be investing a total o...
2.10.1 Brazil
Real GDP growth in Brazil came to just 2.5% in 2013. Foreign direct investment fell slightly from 2012, although investment in oil resource development and the automotive sector remained strong. ...
2.10 Latin America
Latin American GDP growth stood at 2.6% in 2013. The region is maintaining its recent record of solid annual growth in the range of 3%. According to BSRIA, Latin America’s chiller market scale ...
2.9.5 Kuwait
Kuwait’s real GDP growth in 2013 is estimated at 0.8%, a sharp slowdown from the 6.2% recorded in 2012. Kuwait is expected to draft a fiveyear development plan within the year that includes large public works projects such as building roads and subways. The Japanese Ministry of Land, Infrastructure, Transport and Tourism is working to have Japanese companies involved in developing Kuwaiti i...
2.9.4 Qatar
Economic growth in Qatar, which had seen many years of double-digit growth, slowed to the single-digit range in 2012. In 2013, Qatar’s real GDP is estimated at 6.1%. Qatar, the host of the 2022 FIFA World Cup, has proposed to FIFA to build nine new stadiums and renovate three, with the 12 venues divided among seven host cities. According to Qatar’s bid organizers, the stadiums will be zero-...
2.9.3 Iran
Iran’s real GDP growth was negative 1.7% in 2013, marking the second consecutive year of negative growth. With the election of moderate Hassan Rouhani as president, hopes are growing for economic revitalization and increased business opportunities in the country. Iran’s market size for chillers was US$ 153.1 million in 2013, a 5.7% decrease compared with US$ 162.3 million in 2012. Wi...
2.9.2 UAE
The UAE’s real GDP growth came to 5.2% in 2013, its highest growth recorded in seven years. The recovery trend was evident, including in the construction sector, which saw a turn to positive growth af...
2.9.1 Saudi Arabia
Saudi Arabia’s real GDP growth was 3.8% in 2013, a slowdown from 2012 attributed in part to negative growth in the country’s oil sector. The construction sector, however, recorded solid growth of 13.4...
2.8.6 Singapore
Singapore’s real GDP growth recorded solid 3.9% growth in 2013. The construction sector saw strong growth of 6.1%. In addition to a construction boom in both private and public housing, a number of la...
2.8.5 The Philippines
The Philippines economy recorded real GDP growth of 7.2% in 2013 despite the multiple natural disasters that struck the country. This represents growth 0.4 % higher than in 2012, attributed in part to...
