Key industry

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Key industry

An industry that plays a critical role in a nation's economy.

Key Industry

An industry that is pivotal to the growth (or sometimes the survival) of an economy. Companies in a key industry are often major employers in an area and have a great deal of political power. For example, for much of its history until the 1980s, the economy of Oklahoma was very dependent on the oil and gas industry; it remained important even in the 2000s. For this reason, oil and gas may be considered a key industry in Oklahoma.
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Summary: Born in 1924, Saif Al Ghurair was instrumental in starting some of the key industries such as cement, sugar and flour in the UAE.
The insurer's report also identifies the top causes of serious workplace injuries by key industries.
Through the leadership of key industries, industrial upgrading and modernization is already in progress, she added.
Put rules in place for key industries WITH the furore over the takeover of Arm Holdings by the Japanese company, Softbank, and now the purchase of GKN by Melrose, it begs the question: do our key industries become hostages of both a weak pound and key individuals profiting over the interests of the nation, either financially and/or with key positions at some future date, within said companies?
South Korea's key industries, including the auto and shipbuilding sectors, suffered a sharp drop in exports last year, but the country logged a decent trade surplus due to a dip in oil prices.
"Among its key industries, China now has the global lead in shipbuilding and the good expectancy of electronics is wearing out."
Reapra was established in Singapore in 2015 with the aim of 'building up businesses in key industries...
North Dakota: job growth of 24.77 percent over the past 10 years in the key industries of energy (especially shale oil), engineering and life sciences
The new site highlights the successes clients have achieved around the world benefiting from Dorsey's deep experience in key industries and the breadth of its practice capabilities.
Although the government has acknowledged that the economy is in recession, the regime continues issuing press releases announcing rising production of steel, cement and aluminum, all key industries for the Islamic Republic.
The key industries covered in this report include Airports, Beverages, Defense, Food, Medical Devices, Mining, Oil and Gas, Packaging, Pharmaceutical, and Power.