Did you know that the Middle East consumer market exceeds 560 million?
The Arabian Gulf countries are irresistible for the internationalization of Portuguese Companies that want to achieve a new scale and visibility beyond national borders.
Among the most important destinations are: Dubai which, besides being the region’s largest business center and one of the world’s most attractive markets, is also an important logistics platform due to its strategic and competitive location, easy access to the Middle East, Asia and Africa. It is also estimated that approximately 70% of the country’s imports are re-exports to the rest of the Arabian Gulf countries, specifically Saudi Arabia, Iran, Qatar and Bahrain.
Today’s publication highlights some of the most promising sectors in the Middle East.
Portuguese Flavours In The Middle East
• Gourmet Groceries • Award-Winning Wines • Fresh Produce •
Can be delightfully enjoyed by consumers…
Did you know that the Arabian Gulf region has the highest rate of Food Consumption per capita in the world?
GCC Countries – Oman, United Arab Emirates, Saudi Arabia, Qatar, Bahrain and Kuwait – currently import about 90% of their food needs, so the value of the food sector in these markets already exceeds $60 billion – with a particular focus on Saudi Arabia at $45 billion, representing 51% of total GCC food sales, and the United Arab Emirates at over $7 billion.
Timeless Quality, Lasting Beauty…
Rooted in Portuguese Architecture and Interior Design in the form of furniture and decorative items that inspire sophistication and functionality.
Currently valued at $80 billion, investment in the interior design sector is expected to reach $250 billion by 2027.
Building (Relationships) Across Borders
Saudi Arabia is a highly competitive market among the major powers of the Arab world. It is one of the 20 largest economies in the world. The country is currently in the process of diversifying its economy. As a result, major infrastructure projects are underway. It is estimated that there are $550,000 million worth of projects underway in the GCC region, with a growth rate of approximately 23% per year. For these markets, it is projected that there will be around 1,000 investments in the tourism sector, with 750 hotels, 140 resorts and more than 170,000 rooms currently under construction.
The region’s project pipeline exceeds $2.9 trillion and includes the construction of hospitals, airports, shopping malls, hotels, residences, and amusement parks.
Do you want to reach new flight destinations and transport your business to the Middle East? You can count on your reference logistics partner: Olicargo – we provide efficient transport solutions that boost your presence and growth in this area. Get in touch with us!
Sources:
AEP. (2024). AEP no Dubai com megacomitiva do setor da alimentação e bebidas. Retrieved 11 April 2024, at: https://www.aeportugal.pt/uploads/Press%20Releases/240219%20PR%20Feira%20Gulfood-Dubai.pdf?utm_source=brevo&utm_campaign=PEmpresarial+776-23+Gulfood+25+empresas+negoceiam+no+Dubai&utm_medium=email
AEP. (2023). AEP organiza, pela sétima vez consecutiva, deslocação de empresas nacionais para participar em feira no Dubai . Retrieved 11 April 2024, at: https://www.aeportugal.pt/uploads/Press%20Releases/231106%20PR%20Gulfood%20Manufacturing-Dubai.pdf?utm_source=brevo&utm_campaign=PEmpresarial%20709-23%20%20Gulfood%20Tecnologia%20nacional%20mostra-se%20no%20Dubai&utm_medium=email
AEP. (2024). AEP no Dubai com megacomitiva do setor da alimentação e bebidas. Retrieved 11 April 2024, at: https://www.aeportugal.pt/pt/eventos/cmp-01466-x1v7v-feira-saudi-food-show-2024?utm_source=brevo&utm_campaign=PEmpresarial%20786-24%20%20Qualifica%20Profisses%20do%20futuro%20em%20alta%20na%20Exponor&utm_medium=email
AEP. (2023). AEP regressa ao Médio Oriente com setor da construção. Retrieved 11 April 2024, at: https://www.aeportugal.pt/uploads/Press%20Releases/231204%20PR%20Big%205%20ShowMiddle%20East%20Stone-Dubai.pdf?utm_source=brevo&utm_campaign=PEmpresarial%20728-23%20%20Construo%20Cimentar%20negcios%20no%20Dubai&utm_medium=email
