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 following sectors:
- food and agriculture,
- education and training,
- and infrastructure.
Political stability in the region is a current issue, however long-term the region is expected to grow significantly on the back of a young and ambitious work force.
Queensland companies with innovative offerings in these sectors will be in high demand.
Exporting to the Gulf states will provide the ideal launch pad for expansion in the greater Middle East and Northern African region. The key states include:
- the United Arab Emirates (UAE),
- Saudi Arabia,
- and Kuwait
The diversification of the Gulf states is a long-term trend and will be the consistent thread driving the development of new industries in the region.
The Gulf states will also play a greater role as a regional hub for a number of industries with its influence extending to include Eastern Africa, Turkey, Iran, Central Asia and South Asia.
Middle East opportunities
- Food security, produce, aquaculture
- Education drive to increase number of schools and programs
- Major events
- Processed foods – supply chains
- Innovation – life sciences, biotechnology