Nanyang Polytechnic 2005 Teaching Enterprise Project – ARDC Doing business in The Middle East Done...

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


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


Summary (cont’d..)Summary (cont’d..)

Case Studies SingTel BreadTalk

Articles Newspapers Magazines Lexis-Nexis EBSCO host OPAC


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


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


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


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


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



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



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



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


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


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


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


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 2005 Teaching Enterprise Project – ARDC Doing business in The Middle East Done...

Documents

Transcript of Nanyang Polytechnic 2005 Teaching Enterprise Project – ARDC Doing business in The Middle East Done...