Scottish Trade to Middle East increases 13% according to most recent government figures
Scottish exports grew to $2.01bn in the Middle East and to $43bn worldwide in 2012, 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 $807m of Scottish export, up 8% from the prior year.
As business links between Scotland and the Middle East continue to grow across a number of core sectors, the business and financial services, electrical and instrument engineering, and food and drink were some of the strongest performing industries in the Middle East by both growth and volume. The GCC’s economic growth and modest inflation combined with its broad-based commitment to helping companies do business in the region have contributed to an environment for Scottish companies to succeed in trade and investments.
Anne MacColl, Chief Executive of Scottish Development International, will attend Annual Investment Meeting 2014 (AIM) in Dubai from 8 – 10 April 2014 at the Dubai International Convention and Exhibition Center. She will participate in a panel session, ‘Investing in Emerging and Frontier Markets: a View from the Boardroom’, which combines the views of senior executives of leading firms in various industries on investing in emerging markets, addressing opportunities and challenges, and the role governments play to facilitate such investments.
Ms Anne MacColl, Chief Executive of Scottish Development International, said, “Given the increasingly interconnected global marketplace, the higher trade figures that we have just released in the survey are clear evidence that our efforts to grow Scottish companies internationally are paying dividends. We are acutely 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. Most recently, we have expanded our commitment to helping Scottish companies do business in the Middle East and facilitating opportunities into Scotland even further by adding a new representative in the Kingdom of Saudi Arabia.”
“We are committed to working with companies and investors to understand their businesses and provide them with advice, support and assistance to help them expand further. I am very much looking forward to participating in this year’s Annual Investment Meeting. The conference session will be highlighting the latest trends in high growth markets along with key opportunities and challenges that businesses face in a fast moving and unpredictable world,” she added.
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Erica Pettit /Vadia Rai