International Trade: Opportunities in ‘dynamic’ Middle East
THE Middle East remains a dynamic marketplace for ambitious companies across Yorkshire, according to experts.
According to experts at Cobbetts and Grant Thornton, writing in TheBusinessDesk.com’s major new supplement on international trade, the plentitude of the world’s richest nations being based in the Middle East offers great opportunities.
The sheer scale of the Middle East and North Africa (MENA) and the Gulf Co-Operation Council (GCC) areas – and their position as dominant oil producers and owners of the largest hydrocarbon reserves – create this lasting appeal.
In-depth analysis on trading in the Middle East and on other key issues regarding international trade can be read in the supplement, in association with Cobbetts and Grant Thornton, which is available to download.
Despite the recent revolutions and ongoing political uncertainties which some countries – like Libya and Egypt – are encountering , there is common agreement among many experts that once stability has been restored, these nations could also achieve immense success.
Jatin Radia, UK international business director at business and financial advisors Grant Thornton, said: “The Middle East is an immensely interesting place for businesses in Yorkshire to examine at this point in time.
“Clearly the fallout from the Arab Spring is yet to be determined. However, the Gulf States did bounce back strongly from the credit crunch.”
Mark Green, the partner at law firm Cobbetts who heads up the MENA practice, said: “Across the region, there are numerous large capital projects as each nation looks to put in place the infrastructure needed to ensure that it can continue
growing.
“Here at Cobbetts, we are taking the Middle East very seriously – that’s where we believe that there are many opportunities for our clients and ourselves.”
