The Middle East is an important regional trade hub that offers opportunities to access Iran, Africa, South Asia and Europe. Its position as a growing centre for European exports and the regional hub will present many opportunities for European exporters.
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ECONOMY
The oil-based of the Middle East are looking to diversify their economies, which will provide ongoing opportunities for European companies in the industrial, food and agriculture, education and training, healthcare and infrastructure sectors.
The region is expected to grow significantly on the back of its young and ambitious workforce. The diversification of the Middle East economies will also see growing investments and influence in these regional areas.
TRADE
European companies with innovative offerings in the industrial, food and agriculture, education and training, and infrastructure sectors will be in high demand, especially those willing to consider market-entry strategies such as joint venturing and partnerships.
Exporting to the Middle East can provide the ideal launchpad for expansion into the greater Middle East and Northern African region. The key states are:
- Iran
- United Arab Emirates (UAE)
- Oman
- Saudi Arabia
- Bahrain
- Qatar
- Kuwait
- Iraq
The Middle East is expected to become a regional hub for several industries, with their influence extending to include Eastern Africa, Turkey, Iran, Central Asia, South Asia and Europe.
The diversification of these states is a long-term trend and will be the consistent thread driving the development of new industries in the region.
