Summary of the seminar
The Gulf countries (Saudi Arabia, Bahrain, the United Arab Emirates, Kuwait, Oman and Qatar) are located in the Arabian Peninsula. Together, they make up the Gulf Cooperation Council (GCC), a dynamic customs union and regional grouping that attracts investors from around the world every year.
On February 7, 2020, attend this seminar on business opportunities in the Gulf countries. This activity will allow you to take stock of the current situation in these markets and learn about different facets of these countries, such as their business culture, legal and tax framework and potential business sectors.
A unique opportunity to:
- Understand the business context of Gulf markets and the development of key business sectors;
- Evaluate the potential for developing your business;
- Get advice from experts and companies operating in this region;
- Network with other Quebec companies considering this market.
Who should participate in this seminar?
Any company looking to develop its business in the Gulf countries or to learn more about these markets.
This is particularly aimed at companies in the following industries:
- Defence and security
- Design and architecture
- Environment, energy and clean technology
- Construction, real estate and infrastructure
- Equipment and machinery
- Mining, precious and base metals and stones
- Oil and gas
- Life sciences
- Financial services
- Professional services
- Information and communication technology
The countries of the Persian Gulf
Qatar, Saudi Arabia, Kuwait, Bahrain, the United Arab Emirates (UAE) and Oman form a coherent regional grouping that is experiencing surprising growth. They have integrated their national economies into a customs union, the Gulf Cooperation Council (GCC).
- They are the new centre of globalization, a magnet for foreign investors and a bridge between the West and Asia.
- And they are seeking to open up more and more to international trade with heavy investments from governments to:
- Attract foreign direct investment (FDI)
- Diversify their economy;
- Create new projects outside the oil and gas sector.
The Gulf countries in a few key figures
- A combined population of 54 million
- A combined GDP of USD 3.464 billion
- Growth estimated at 2.1% in 2019, before accelerating to 3.2% in 2020 and then stabilizing at 2.7% in 2021