The Gulf states are a regional industrial hub and also offer opportunities into Africa and Asia.
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.
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)
- Saudi Arabia
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
Middle East opportunities
- 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
- Processed foods and supply chains
- Innovation in life sciences and biotechnology