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29 Nov
14:14

VAT increase stimulates Bahrain rebar, Kuwait demand slow

Bahrain is a small but developing country, with the construction and infrastructure sectors growing fast in the post-pandemic period, thereby stimulating steel demand, Kallanish notes. “Rising oil and natural gas prices enabled the government to announce new projects. Metro construction is underway and many other projects have been awarded. The golden year is expected to be 2023 but 2022 will be also good,” comments a sector participant. The governmen…
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