The Gulf states are a regional industrial hub and also offer opportunities into Africa and Asia.

Economy

The oil-based Gulf states of the Middle East are looking to diversify their economies, which will provide ongoing opportunities for Queensland companies in the food and agriculture, education and training and infrastructure sectors.

While political stability in the region is an issue, in the long term the region is expected to grow significantly on the back of its young and ambitious work force.

Trade

Queensland companies with innovative offerings in the food and agriculture, education and training and infrastructure sectors will be in high demand.

Exporting to the Gulf states will provide the ideal launch pad for expansion into the greater Middle East and Northern African region. The key states are:

  • the United Arab Emirates (UAE)
  • Oman
  • Saudi Arabia
  • Bahrain
  • Qatar
  • Kuwait

The Gulf states are expected to become a regional hub for a number of industries, with their influence extending to include Eastern Africa, Turkey, Iran, Central Asia and South Asia.

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

Dubai marina district, Middle East

Middle East opportunities

CurrentFuture

Current

  • Food security, produce and aquaculture
  • Education drive increasing the number of schools and programs on offer
  • Major events including 2019 AFC Asia Cup in UAE, Expo 2020 in Dubai and 2022 FIFA World Cup in Qatar

Future

  • Processed foods and supply chains
  • Innovation in life sciences and biotechnology

 

Sector opportunities in the Middle East

Major events sparking infrastructure boom

Infrastructure

Trade and Investment Queensland has moved quickly to secure contracts for innovative companies for the massive new Dubai South development in the UAE.

Centered on the new Al Maktoum international airport and the World Expo 2020 site, Dubai South presents outstanding opportunities for companies with specialised niche offerings in infrastructure and related sectors. Several Queensland companies have already successfully tendered for projects related to Dubai South.

UAE imports 85% of their food needs

Food security

Food security continues to be a key driver in the Gulf states’ markets.

The UAE currently imports 85% of its food needs, and safe reliable food sources like Queensland are of continuing interest.

Opportunities exist in meat and horticulture, bulk grains, processed food and franchised operations.

Specific opportunities for services and equipment exist in the aquaculture sector as the Gulf states look to develop some level of self-sufficiency.

18,000 student's

Education drive

The diversification of the Gulf states will be based on greater education – for example, the UAE is creating 60 to 100 new schools and aiming for 70,000 new school places by 2020, and opportunities exist in curriculum development, school franchising and partnerships.