Post on 25-Dec-2015
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
Doing business in The Doing business in The Middle EastMiddle East
Done by – Team 1:Cheryl LamGrace OngClare Sim
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
SummarySummary
Introduction Key industry factors in The Middle East Advantages & Disadvantages References on doing business in the
Middle East Websites
Information on doing business in the regionHistoryHow businesses work in the regionBusiness Law in the Middle East
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
Summary (cont’d..)Summary (cont’d..)
Case Studies SingTel BreadTalk
Articles Newspapers Magazines Lexis-Nexis EBSCO host OPAC
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
Introduction – The Middle Introduction – The Middle EastEast
An excellent place to do business Developing into modern nations & seeking
latest technology More than 300 million people living in 22
Arab League states Essential to know their business culture,
language, etiquette, meeting protocol & negotiation techniques
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
Key Industry Key Industry FactorsFactors
Oil and Gas Finance Engineering services Health care Infrastructure Transport Water Information Technology Building and construction Agriculture Food Retail Sector Automotive Education and training Mining
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
Advantages VS DisadvantagesAdvantages VS Disadvantages
Advantages Disadvantages
Using Iraq as an example
Plentiful water resources Main source of economic power – oil lay and farming A variety of agricultural resources – Dates, vegetables, wheat, poultry products, cattle and sheep will provide attractive business opportunities in the years to come.http://www.jordanembassyus.org/06082003005.htm
No functioning legal system No stable and recognized government Grinding poverty History of political instabilityGrinding povertyHistory of political instabilityhttp://news.bbc.co.uk/1/hi/business/3627011.stm
Using Iran as an example
Establishment of Free Trade Zones - Capital and profits gained from economic activities can freely enter and exit the Free Trade Zones. Labour and employment regulations are more flexiblehttp://www.payvand.com/news/00/nov/1124.html
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
References - WebsitesReferences - Websites
Information on doing business in the region
Wise to bear in mind the great diversity in the region, common religion, language, culture shared among the Arab countries
http://www.kwintessential.co.uk/etiquette/doing-business-middleeast.html
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
History of the Middle East countries
The Arab world came to prominence with the spread of Islam in the 7th century AD.
Arabic – the primary language for a large part of the world, as Islamic culture spread across the Middle East and Northern Africa.
http://www.dfat.gov.au/publications/business_saudi_arabia/doing_business_saudi.html
References - WebsitesReferences - Websites
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
How business works in the Middle East
Essential to develop personal relationships & ties
Middle Easterns are very hospitable and warm
They acquire the open-door tradition
http://www.moravecglobal.com/findings/006.asp
References - WebsitesReferences - Websites
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
Business Law in The Middle East
Advisable and necessary to know the laws and politics in the country you want to invest in
Often, new laws may affect certain industries / create business opportunities
E.g.: United Arab Emirates – A new property law added
http://www.zawya.com/Story.cfm?storyid=169105&Section=Industries&page=Real%20Estate&l=051000050614
References - WebsitesReferences - Websites
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
SingTel Moves in on Mid-East region Signed agreement in May 2005 with UAE’s
Emirates Telecom Corp To offer seamless private leased circuit solutions to
link their customers’ offices Partnership will establish SingTel’s presence Facilitate capability of meeting growing int’l
demand for communication links
http://web.lexis-nexis.com/universe/document?_m=b6f7dc4be476d79d229b301dd180bf53&_docnum=4&wchp=dGLbVlz-zSkVb&_md5=55bcf42627d0598f16b7eb4335bff2ea
References – Case StudiesReferences – Case Studies
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
BreadTalkOverseas expansion to Mid-East region
in 2003Franchising in 5 countries – Kuwait,
Bahrain, Qatar, Oman, Saudi Arabia & UAE
Intends to further expand in the Arab world
http://business-times.asia1.com.sg/story/0,4567,64203,00.html
References – Case StudiesReferences – Case Studies
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
Newspaper/Magazine
Goh Chok Tong, Senior Minister, Singapore – “Rekindle Asia, Middle East ties for mutual benefit” The Business Times, 22 June 2005
http://www.gov.sg/singov/announce/180902lbh.htm
Pamela Ann Smith – “Changing Fortunes” The Middle East magazine, May 1999
http://www.questia.com/PM.qst?a=o&d=5001279871
References – ArticlesReferences – Articles
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
Lexis-Nexis database “Big in the Middle East” The Edge Malaysia, 30 May 2005
“Qatar blazes a trail through SA skies” Business Day
(South Africa), 1 February 2005
“Special Report: Allure of the Middle East” The Edge
Singapore, 28 June 2004
“Making the Middle East connection” Business Day (South
Africa), 1 December 2003
ESBCO host “Pakistan's Reforms, End of Sanctions, Bring
Economic Gains” Regional Business News, 13 may 2005
References – ArticlesReferences – Articles
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC
Lack of time given Insufficient informationNot enough data providedFew websites related to our topicHave to be general as the region has
22 statesDue to this, it was hard to find
information for the region as a whole
Difficulties encounteredDifficulties encountered
Nanyang Polytechnic 2005Teaching Enterprise Project – ARDC