Why are Arab countries best for business these day ?
Arab countries are not only enormous but also have a good opportunities of markets with high potential for various products range from industrial products to food and most importantly consumer goods. These countries have a big percentage of world’s oil reserves, and these countries also have the highest level of population growth in the world. Another important feature to keep in mind is that they are situated in a advantageously important part of the world which connects the Europe, Africa, Asia and the Pacific. Many countries invest millions and billions in Arab countries to make a popular brand of it. Recently Many big business makers move towards the Arab countries with the wish of great success.
If it is your dream to expand your present business in the Arab world or want to launch a new commercial operation the you must need to evaluate the qualities on the basis of which you could expect to succeed in your planned business in Arab region. The decision to set up a industrial company has to be taken after considering all the pro and con of business development in Arabian countries. One should think all the risk factors and find out about the return on their investments in the Arab land. The region provides plentiful reasons for investors to put their money here. There are some of the reasons to invest in business in the Arab world.
Enormous growth scope
Arab countries have a vast scope of growth , and it is one most important thing that make Arab countries best for business. When you invest in the Arab countries , you get the support of already strong economic base of these countries. Most of the Arabic countries such as the Qatar, UAE, Saudi Arabia and Egypt have been recording higher gross domestic product (GDP) growth rates from last few years. Higher growth figures of the Arab world are an good sign of the survival of a good government support base and better economic reform policies. Chemical and oil division have been the key driving force of the Arabian economy, other industrial sectors of different Arabic countries have also contributed considerably in accelerating the growth of the Arab economy as a whole. So there are too many scopes in not only chemical and oil sector but also the others like food, jewellery and cosmetics. There are some countries that already have higher GDP growth in the last few years, some others presents a strong GDP growth potential. The untouched prospective of many of the Arabian areas in the group of Arab countries that attract investors to come to the Arab world to explore profitable commercial chances. There are many rising sectors like tourism, telecommunications, transportation and technology that need appropriate growth and it can provide investors with finest gains. Macroeconomic stability of some of the Arabian countries such as the United Arab Emirates (UAE), Egypt and Qatar further acts as a encouragement for people intending to make investments in the Arab world. So without any hassle establish your business in Arab countries.
Presence of trained and affordable labour force
The another best reason that enjoyed by investor from other countries is that presence of qualified and affordable labour force. And it makes Arab world a favourable investment destination. Most Arabian countries are promising to provide the affordable and trained work force. So that in the competitive world take complete advantage of human resources and get the man power in low cost. And it is a strong reason to put their money in the region for business. Wages levels is too lower in the Arabian economy then compared to the western countries. So business in Arab world are likely to be more cost-effective. Competitive tax and property rates are another major reason to invest in the business of Arabian countries.
Cost saving: Establish your business in Arab countries at cost-saving prospect. Doing business in many of the Arab nations is more cost-effective than setting up a project in a Western country. Easy accessibility of reasonably priced raw materials and plenty of labour force in the Arab region make investment in these countries a advantageous scheme. Price of setting up industrial plants and securing offices is also much lower in many of the Arab countries as compared to other countries. In addition, increased market demand, presence of many funding groups in Arab world, well-developed infrastructure facilities and the huge market size are also some of the major compensation that one could gain from when doing business in the Arabian countries.
Vast market size: Complete size of the Arab world’s population makes this part of the globe a huge shopper marketplace of enormous significance for companies, who want to capture a advanced market share of the global pie. Arab countries give the huge market size and also give the lots of chances of investment for international brands. Even small and micro industrial entities can benefit considerably from the large consumer market as offered by the Arab world.
Investor-friendly environment: Investor friendly environment encouraging merchants and businessmen to discover industrial chances in this part of the world. As more and more countries of the Arab world open up their economies for continuing trade relations, more world money and foreign investments in driving in this region. Macroeconomic position of the Arab countries in the world business map and political stability is also boosting the business presentation index and investor confidence. Increased market demand for high-quality products and services have started to drive international companies to look at the Arab world as an investor zone with great potential.
Investment trend in the Arabian countries have received a major boost in last few years. Because most of the Arabian economy is made up of young and middle-aged population with high disposable income. The money inflow into Arabian countries is also expected to scale up higher in the coming decades because of the rising younger population.
Positive investment atmosphere and easy convenience to international markets provided by Arabian countries are some other reasons that make Arab countries best for business.