Middle East and North Africa business opportunities expand with rise of consumer

Businesses from a range of industry sectors are encouraged to take part in Austrades Winning Business in the Middle East and North Africa seminar series, from 1 to 19 May 2006.

Austrade Chief Economist Tim Harcourt said Australian exporters can benefit as Middle East and North African economies in the region continue to grow, giving rise to expanding consumer-middle classes and diverse export opportunities for Australian businesses.

"For example, in Bahrain, the city state has become a centre for off shore banking; Qatar is developing its extensive gas reserves; Oman is concentrating on infrastructure, distribution and tourism; whilst Saudi Arabia is investing in light manufacturing and services," Mr Harcourt said.

"Of course, the United Arab Emirates (UAE) is the best example of a transforming economy in the region, with Dubai now a major centre for tourism, education, financial and trade services."

"What this means is there are greater opportunities for exporters from a diverse range of industries. Today, there are almost 3000 Australian exporters doing business with the Gulf States, with over 1400 Australian businesses exporting to the UAE alone."

Industries targeted by the seminars include: