Target Markets

Kuwait

Kuwait has a strategic vision to transform the into a global financial and trading center by 2035.  The 7 pillars for the “New Kuwait“ vision include efficient government administration, diversified & sustainable economy, quality infrastructure, sustainable living environment, high quality healthcare, creative human capital and a distinguished international status. To execute this vision, a budget of $60bn has been allocated with another $100bn still to be invested.  In addition, the oil and gas sector is witnessing huge investments up to $500bn to increase production output by 2040.

Egypt

Egypt has a sizable consumer base and excellent manufacturing and exporting capabilities. It is currently witnessing an economic resurgence after a series of reforms and a remarkable increase in natural gas output to become one of the leading producers in the MENA region.  It has attracted around $10bn in FDI in 2018. The surge in Russian and European tourism is supporting the gradual recovery of the tourism sector to overcome the impact of floating the local currency in 2016.

United Arab Emirates

It is the second largest economy in the Middle East and one of the most diversified and open in the region, supported by non-oil activities representing about 70% of GDP. Dubai’s hosting of Expo 2020 for the first time in the Middle East is expected to attract $100bn to $150bn in forging investments into retail, real estate, tourism and education sectors. Meanwhile Abu Dhabi is spending more on infrastructure and energy aiming to be fully dependents on clean and renewable energy by 2050.

United Kingdom

The UK is the 5th largest economy in the world. There are significant infrastructure projects underway in aviation (expansion in Gatwick, Heathrow and Stansted airports) as well as rail network (Crossrail 1&2, High Speed 2 railway) which will connect London, Birmingham, Leeds and Manchester. These investments will sustain the inflow of FDI’s (mainly from Asia). Despite the uncertainties regarding Brexit, the UK is a fairly resilient economy and long-term outlook for the market is very positive.