Saturday 11 July 2020

Marchbanks ..... Middle East a key market.

Scottish exports to Middle East grows to $2.2bn

DUBAI, March 17, 2015

Scottish exports to the Middle East increased to £1.5 billion ($2.2 billion), 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 ($894 million) of Scottish export, up 22 per cent from the prior year, said a statement.

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.

Tom Marchbanks, regional manager Middle East, Scottish Development International, 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.”

“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,” he said.

“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 added.

Marchbanks concluded: “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, it added. – TradeArabia News Service

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