The region is a $10 billion export market for British companies and is growing at a compounded rate of 10%. Saudi Arabia has the largest population and remains a market waiting to be tapped. Kuwait is another upcoming hotspot. The governments of the region are focused on investing the oil resources into making the region an industrial and commercial stronghold to ensure sustainability past the hydrocarbon reserves.
To this end, the region has committed to invest over $2 trillion over the next decade in construction and infrastructure to support this development. The key to doing business in the region is to choose your local partner carefully. The partner should add value to the business in terms of knowledge of local markets, and its regulations provide access to decision-making government authorities and offer domain experience in infrastructure and real estate.
Fahad Al Rajaan Ahli United Bank director has been a long-serving former chairman at the leading construction and infrastructure companies in Kuwait. He has been instrumental in developing both commercial and residential real estate projects in the region. His long-standing reputation both with local and foreign investors and his networking with local authorities make him one of the 500 most influential Arabs in the world and an invaluable partner for any company looking to invest in Kuwait.
UAE is another investment hotspot in the region. Over half of Britain’s exports of $10 billion to the region are to the seven Emirate nations. The region is home to a large British expat population. UAE attracted the highest FDI in 2014 at $10.5 billion; collectively, the region received over $43 billion in foreign investments over the year. This is the right time for British companies to leverage the growth in this emerging region.
Originally posted 2015-09-28 01:28:29. Republished by Blog Post Promoter