Middle East remains a key market for Scottish firms

Updated 18 March 2015
0

Middle East remains a key market for Scottish firms

Scottish exports grew to 1.5 billion pounds in the Middle East, according to the most recent Global Connections Survey from Scottish Development International (SDI), the Scottish government’s investment and business development agency. The UAE remains the largest market in the region accounting for 605 million pounds of Scottish export, up 22 percent from the prior year in 2012.
The GCC’s economic growth and modest inflation combined with its broad-based commitment to helping companies do business in the region have contributed and resulted in increased figures of exports from Scotland to the Middle East. This was driven primarily by the food and drink, energy, business and financial services and the metals, metal goods and mechanical engineering sectors.
Commenting on the global connections survey results, Tom Marchbanks, regional manager Middle East, SDI, said: “Trade figures clearly show that the Middle East has remained a key market for Scottish companies, with food and drink being a particular success story, to a growing demand on energy, education and financial services in this region, particularly the UAE doubling its import numbers compared to larger markets in the region.”
He added: “Scotland has always provided an immense pool of talent that has spawned world leading products and services across the globe. The Middle East and especially Dubai has a vast demand for quality products and services. We have witnessed Scottish food and drink companies launching new products at Gulfood exhibition in Dubai last month; this clearly demonstrates an increasing appetite in the Middle East market. Also, with significant money being invested in the education sector in the region this presents fantastic opportunities for Scottish education suppliers.”
He said: “We are aware of the competition for inward investment, and we continue to increase our resources in new and emerging markets so we can respond to global opportunities.”
The Middle East is considered as a priority market for Scotland. Over the past few years, Scotland has had multiple visits from Scottish ministerial and senior SDI’s team coming over to the GCC to be part of major exhibitions and conferences like ADIPEC, Gulfood, and Annual Investment Meeting. This has resulted in new deals and partnership between Scottish companies and Middle East companies.


Indonesia looks for investment opportunities in Yemen

Updated 20 September 2019

Indonesia looks for investment opportunities in Yemen

  • Indonesia’s ambassador to Yemen expressed Indonesia’s interest in various fields
  • There are currently more than 2,500 students from Indonesia studying in Hadramout

DUBAI: Indonesia’s ambassador to Yemen discussed investment opportunities in the country with Yemeni officials in Hadhramout on Thursday, Saba News reported.

Hadhramout Local Authority and Leaders of Industrial and Commercial Chamber of Hadramout met with Ambassador Mustafa Tawfiq to discuss ways to strengthen trade exchange between the two countries.

The ambassador expressed Indonesia’s interest in various fields including scholarship programs and training for small business.

“In light of the current situation in Hadhramaut and the security and stability achieved, commercial and industrial relations between Hadhramaut and Indonesia are witnessing a remarkable and significant development in this aspect,” Tawfiq said, calling for increased visits between businessmen in Hadramaut with their Indonesian counterparts to expand the economic partnership between the two sides.

Meanwhile, Assistant Deputy Governor of Hadhramout for the Valley and Desert Districts Affairs, Abdulhadi Al-Tamimi welcomed Indonesia’s interest in investment opportunities, praising the historical relations between Yemen and Indonesia.

There are currently more than 2,500 students from Indonesia studying in Hadhramout, Al-Tamimi said.

The Indonesian envoy welcomed local businessmen to visit Indonesia next month where Jakarta will hold the 43rd Trade Expo where more than 1,100 companies will be participating.

However, the Yemeni official raised the issues of obtaining visas to Indonesia after the embassy’s move to Amman, Jordan from Sanaa after the Houthi militia took over the Yemeni capital.