Expo 2020 to transform Dubai’s economic landscape

Dubai: Dubai is the first city in the Middle East and North Africa (Mena) region to host the World Expo, the highly celebrated international exhibition, the third largest global non-commercial event, following the Olympic Games and the Fifa World Cup.

In the near term the Expo win is widely expected to boost sentiment and confidence of the UAE’s economy. In the medium term, Dubai and the UAE would benefit from an estimated $6.9 billion (Dh25.3 billion) earmarked for infrastructure projects around the event. The centrepiece of development is a 438-hectare site at the southwestern end of Dubai next to the Dubai Word Central close to Jebel Ali port. Dubai’s construction market would benefit from the influx of new activity, but other sectors including travel, tourism and retail would also benefit.

Expos are widely expected to work as economic catalysts as they generate economic benefits for the host country in the form of increased tourism, job opportunities, and hospitality revenues. They also provide financial benefits, both during the run up to the event and after, in terms of large construction activity, and investments from outside the country, among others.

According to a report from alternate investment firm Al Masah Capital, Expos have aided physical redevelopment of host nations and cities. Expo Montreal 1967, for instance, led to the construction of structures such as the Décarie Autoroute and the Louis-Hippolyte Lafontaine Bridge and tunnel, which were essential to Montreal’s subsequent growth.

The 1988 Expo in Brisbane, Australia, witnessed the laying of nearly 2,000 kilometres of telecommunications wire. Expos have been useful for branding of the host country/city. For instance, the Eiffel Tower, one of the most recognisable structures in the world, was built as the entrance arch to the 1889 World Expo in Paris, France.

 Expectations are high in UAE too. Business leaders and senior executives from across various industry segments expressed their confidence in Expo 2020 transforming the economic landscape of UAE while bringing about far reaching economic prosperity.

Syria to Remain No.2 Olive Producer in Arab World

Agriculture adopts vertical expansion strategy to increase production
(ST) - The Directorate of Agricultural Marketing in the Ministry of Agriculture and Agrarian Reform has prepared a study on the Syrian olive oil which has received an international reputation because of its quality and specifications that made it desirable in foreign markets. The study showed that the olive sector is one of the most important sectors of agricultural production, especially after the striking development through the past ten years.

Olive trees are grown on an area of 647 thousand hectares, and the number of olive trees is estimated at around 100 million trees, including 77 million fruit trees, which constitute about 12% of the total cultivated area in Syria and 65% of the total area of fruit trees. The estimated rate of the annual production of olive fruits is about 880 thousand tons; 15-20% of the total amount is used for pickling.  The rest of production is used in the extraction of oil and produce about 150-175 thousand tons of oil.


Continuous Increase

The production of olives and olive oil continues to grow as a result of the expansion of the agriculture and the access of new trees in the production as an average 2.3 million trees a year. Syria is ranked the second among Arab countries and the fourth in the world in terms of olive production.  The olive production for this season is estimated at 900 thousand tons that produce 175 thousand tons of olive oil and 170 thousand tons of table olives. 

Expectations indicate that the production of Syrian olive oil will reach 250 thousand tons by the year 2020 due to the expansion in this agriculture with a consumption rate estimated at about 150 thousand tons that achieve a surplus for export of olive oil up to about 100 thousand tons, the study clarified.

Important Economic Role
The study highlighted the economic importance of olive oil through its contribution by 1.5 -3.5% of the total national income and between 5-9 of the value of agricultural income. Olive sector is a source of livelihood for a large segment of the population of Syria, whereas some 400 thousand families depend on this product as a source of livelihood, in addition to the contribution to achieve food security by providing basic food items represented in olive oil.

The study revealed that exports of olive oil ranging between 18-45 thousand tons, or about 40% of the available total production for export. In 2011exports amounted to 16 thousand tons and 4 thousand tons of olives worth $ 20 million, while the value of exports in 2010.reached 18 thousand tons of oil and 13 thousand tons of olive worth $ 31 million.

Great Difficulties
The study pointed to the existence of difficulties that had a negative impact on the olive sector notably the current circumstances and consequences of high fuel prices, lack of availability of workforce, rising wages and high transport costs in addition to other costs including fertilization, cultivation and pruning. Because of these difficulties, farmers do not achieve any gain in the cultivation of olive and some of them started uprooting their olive trees and turned towards alternative crops. 

The study showed that most of the olive oil producers accustomed to use tin containers in storage of olive oil, but most of the factories stopped tin production due to loss of raw material for manufacturing. The rise in the price of tin sheets forced producers to use plastic containers that are not suitable for oil storage.

The study pointed out that table olive (green and black) consumes about 20% of the production. The importance of this fruit requires more attention and care to develop this kind of trees. Olive species include al Sourani, al Khoudeiri, al Doueibli, al Dan, al Jlot and al Mohazzam. These sorts are distributed in Aleppo, Idleb, Lattakia, Tartous, Damascus, Palmyra and Daraa.

Prospects of Developing Olive Cultivation
The study also confirmed that the olive sector is developing in Syria horizontally at an accelerated pace. Ministry of Agriculture adopts strategies for vertical expansion to increase the productivity per unit area and reduce production and marketing costs, opening new doors for the production of organic oil in order to increase the competitiveness of their products in quantity and quality at the local and global levels.

The development of this sector requires research plans that include the stages of production in order to control the cost of production, improve product quality through deepening the study of the genetic resources of the olives and identify their different characteristics.  The study calls for working to reduce as much as possible the use of pesticides and dependence on organic fertilizers in order to preserve human health and the environment.

The study presented a series of proposals for the development of olive growing on internal and external sides. On the first side, the proposals provide for mapping out a program of promotion to increase the per capita consumption of oil and table olives. On the external side, it can be through the available means and the work to open new outlets for marketing of olive oil in foreign markets and provide appropriate support to producers and marketers of olive oil in order to ensure the continuation of this agriculture.

The study pointed out the importance of establishing specialized cooperatives concerning olives to help farmers to export surplus production of olive oil and reduce production costs. It is known that 60% of the oil produced in Europe is marketed through cooperatives. The study also recommended setting up e-sites for the promotion of organic olive oil, especially olive cultivation in Syria is considered a clean one with the need for coordination with the Directorate of Agricultural Guidance to take advantage of the farmers' school with a view to establish  pioneering fields to reach the highest production at the lowest costs.

 

Sharif  Al -Khatib

 

AKDN Eyes Participation in Rebuilding Syria's Terrorism-Damaged Infrastructure

DAMASCUS, (ST) - Mohammad Seifo, the Resident Representative of the Aga Khan Development Network (AKDN) in Syria, asserted that AKDN discusses the possibility of its participation in the re-building projects in Syria.

Seifo, who urged all Syrian engineers to participate in the Aga Khan Architecture World Award, told SANA correspondent on Monday: "We seriously discuss our participation in projects to re-build infrastructure in Syria."

He also underscored that the AKDN has already renovated the citadels of Aleppo, Saladin and Masiaf in Syria, noting that Syria is a fertile place for Islamic Architecture.

"We hope that the network will play a key role in restoring archeological buildings and monuments damaged by the armed terrorists groups," Seifo said.

He called on all Syrian engineers, who are working in construction to participate in the Aga Khan Architecture Award, encouraging them to develop their skills.

Participants in the symposium discussed the winner projects in terms of implementation, idea and importance of their connection to the local society. They also discussed the conditions requested for the nomination to the architectural award.

AKDN Executive Director for Cultural Servicers Ali Ismael said that the Aga Khan Award for Architecture, which was launched in 1977, is granted once every three years, aiming to encourage participants' creativity. He pointed out that over 110 projects in several countries had won the prize.

H.SH

Syria Takes Part in International Charity Exhibition in Prague

 PRAGUE,(ST) - The international charity exhibition was opened on Sunday in the Czech capital Prague that was organized by foreign embassies accredited in the Czech Republic with the participation of more than 60 embassies.  

The Syrian pavilion included variety of traditional industries, Syrian plastic plates and Arabic Food.

The representatives of the Syrian Embassy underlined to the wife of Czech President, Ivana Zemanofa, who visited the Syrian pavilion at the exhibition confirmed Syria's permanent keenness, despite the current circumstances experienced, to participate in this international exhibition.

Sh. Kh.

PM, Russian Ambassador Discuss Oil Cooperation

Damascus, (ST)- The Prime Minister, Dr. Wa'ilal -Halaqi, has confirmed that the stability of the political, historical, well-established and deeply-rooted relations between Syria and Russia kept the  region away from the disastrous effects of wars and destruction and restored the balance to political and international relations and reined colonial countries of persistence in hegemony and unilateralism in the international arena .

During a meeting held recently with the Russian ambassador to Damascus, AzamatollahKolmahmadov and Deputy Chairman of the Russian Oil Company " Soyuz ", IyaGotshetel, Dr. Wa'il al -Halaqi clarified that the developing strategic political relations between the two leaderships in the two countries, represented by Mr. President Bashar al-Assad and President Vladimir Putin should be paralleled by a major breakthrough in terms of expanding horizons of economic and trade cooperation and opening new spaces in the economic and trade cooperation and joint investment for the benefit of the two countries, calling on companies and Russian businessmen to invest in Syria and the establishment of joint development projects.

Talks also dealt with means of expanding areas of cooperation, especially in the field of development and rehabilitation of the fields and gas stations, oil and electric power and the future  role of Soyuz oil company in the exploration of oil and gas in Syria, especially in the Mediterranean.

For his part, Ambassador Kolmahmadov expressed  the confidence of the people and the leadership in Russia that the Syrian people will come out of the current crisis, noting that fortifying the Syrian economy and enhancing the reality of the Syrian pound and reducing the prices of foodstuffs confirm the insistence of the people and the Syrian government to meet all challenges.

Sh. Kh.