Exporting to Middle EastKuwait, Bahrain, Qatar, United Arab Emirates, and Oman) were hardest hit by...
Transcript of Exporting to Middle EastKuwait, Bahrain, Qatar, United Arab Emirates, and Oman) were hardest hit by...
Market Overview:
Economic recovery is underway in the Middle East though it faceschallenges due to the volatile political situation in the region inrecent months. The well-integrated GCC economies (Saudi Arabia,Kuwait, Bahrain, Qatar, United Arab Emirates, and Oman) werehardest hit by the crisis. In 2010, however, economic growth for theGCC group hit 4.2% – a strong comeback from near zero in 2009.The expectation for 2011-2012 is ~5%. The exception is Israel,which continues to see steady economic growth of 4.5% annually.
Export opportunities for Illinois companies :
Illinois' exports to the Middle East (excluding Turkey) were $1.055billion in 2010 and $1.309 billion in 2011, up by 24% from 2010.
Illinois' top five industries for exports to the region are:
• Machinery (e.g. construction, medical, aviation, and foodprocessing)
• Fabricated Metal Products
• Computer and Electronic Products
• Transportation Equipment
• Electrical Equipment, Appliances, And Component
Illinois' top five trading partners in the region are:
• Saudi Arabia
• United Arab Emirates
• Israel
• Iraq
• Qatar
Export challenges:
The Illinois Office of Trade and investment is here to helpcompanies navigate the challenges of exporting to Middle Eastmarkets including:
• Key steps to effective tender processes
• Advice on current government policies and regulatoryoversight
• Successful approaches to handling bureaucratic proceduresacross the region
• Insight into the public contracting and procurement process
• Updates on “Hot” Sectors for Illinois exporters
Contact information: Sam Ntum, Ph: 312-814-8480,E-mail: [email protected]
Exporting to Middle East
http://exports.illinois.gov www.illinoisbiz.bizPrinted by the Authority of the State of Illinois 4/12 W.O. 12-070 IOCI 12-0737