Join Invest Northern Ireland's multi-sectoral trade mission to Kuwait and the UAE. The 6 day mission will focus on Kuwait City and UAE.
Kuwait is a closely-knit society, where people are well educated and many speak English fluently. Kuwait’s economy is heavily dependent on oil revenues. The Kuwait government is keen on reducing the dependence on crude oil revenue and plans to increase investment in downstream industries of the oil sector and also through promoting the role of the private sector and privatisation. Northern Ireland companies are beginning to develop the Kuwaiti markets. We see opportunities for specialised food products with reasonable shelf life.
The United Arab Emirates (UAE) is the UK's largest market in MENA and the 12th biggest. The UAE is the regional trading and tourism hub and is home to a number of multinational companies that exploit easy access to markets across Africa and West Asia. Though Emiratis are traditionally conservative, the UAE is one of the most liberal countries in the Gulf, with other cultures and beliefs generally tolerated, especially in Dubai.
With Expo 2020 in Dubai and the Vision 2030 for Abu Dhabi, UAE is spending on infrastructure, healthcare and education. With the oil prices hovering around $45 per barrel, the Government is cautious with its spending. According to the IMF, $13bn will be added to the UAE’s economy by the ending of sanctions on Iran, as trade between the two countries steps up between now and 2018.
Dubai and Abu Dhabi are similar markets but with different business cultures. Dubai is the commercial capital and the largest city in the UAE with 1.2 million people. It is a regional hub, servicing the MENA region. Many of the 5,000 successful UK companies are SME’s and based in Dubai. Abu Dhabi has a more conservative business culture, focused on helping business as well as organically growing the economy. Both markets are worth exploring.
* Contribution towards airfares and accommodation is for one participant per company only
Companies who have exceeded their De Minimis aid limit will be unable to claim assistance towards travel, accommodation and in-market support for this mission. The maximum De Minimis aid any single recipient can receive is €200,000 (cash grant equivalent) over a 3 year fiscal period.
Working closely with Invest NI and the in-market advice we have received from its team in Dubai has been immensely important to our business over many years. This overall support, coupled with our success in achieving highly sought-after ESMA accreditation in the form of the Emirates Quality Mark, has enabled us to gain new customers in the UAE and explore opportunities in many other international markets.
Our export events include international trade missions, shows and exhibitions specifically designed to help you break into new export markets faster.