Middle East Diversifies into Mining and Steel

The Middle East is ready to develop the metals and mining industries, both in production and investment opportunities. This is due to infrastructure development and investment by foreign companies.

In a report titled, Forging a New Path: Deloitte said that Middle Eastern emerging economies have been using the income supplied by oil to develop the steel industry. These huge investments in the metals and mining industries are not only a way to supply domestic infrastructure and construction demands, but also as a means to diversify economic resources and make the countries less dependent on oil.