the middle east opportunities abound
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The Middle East Opportunities Abound. Research & Consultancy. Cultural Understanding. Building Relationships. Cultural Conduit. Welcome. January, 30, 2009. Ahlan Wa Sahlan Salaamu Alaykum Marhaba. The Middle East Opportunities Abound. - PowerPoint PPT PresentationTRANSCRIPT
The Middle East Opportunities Abound
Cultural Understanding
Building Relationships
Research & Consultancy
Cultural Conduit
WelcomeJanuary, 30, 2009
Ahlan Wa SahlanSalaamu AlaykumMarhaba
The Futur
e
Serious economic challenges + Incredible Growth in the Middle East
=
Immense Opportunities.
The Middle East Opportunities
Abound
January, 30,
2009
From 1990 to the present, the ever-increasing skyline of Dubai tells the story of growth.
Doing Business In the United Arab
Emirates
The Middle East Opportunities
Abound
…half of Wall Street left for the Middle East to wait out the storm…
The Middle East Opportunities
Abound
Vision, Transformation,
and Economic Growth
The Middle East Opportunities
Abound
Source: IMF World Economic Outlook: Econstats; Ministry of Economy
Vision, Transformation,
and Economic Growth
The Middle East Opportunities
Abound
Source: UAE, Ministry of Economy
Vision, Transformation,
and Economic Growth
The Middle East Opportunities
Abound Vision, Transformation,
and Economic Growth
The Middle East Opportunities
Abound
Source: UAE, Ministry of Economy
Vision, Transformation,
and Economic Growth
The Middle East Opportunities
Abound
MICHAEL LLOYDVice President, Unique Image, Inc.Editor-in-chief, ALO magazineDirector, ALO Cultural Foundation
Driven to build a business that would be the conduit and bridge between the U.S. and the Middle
East.
Trade RelationsCultural ExchangesEthnic MarketingBusiness-to-Business ProgramsPress DelegationsCharitable Missions
Qatar
Dubai
Oman
Bahrain
Three
Essentials
1. Knowledge and understanding
of the market.
The Middle East Opportunities
Abound
Source: Dubai Strategic Plan 2015
Three
Essentials
1. Knowledge and understanding
of the market.
The Middle East Opportunities
Abound
Source: Dubai Strategic Plan 2015
Source: Dubai Strategic Plan 2015
Doing Business In the United Arab
Emirates
Three
Essentials
1. Knowledge and understanding
of the market.
Three
Essentials
2. Respect towards the culture and its practices.
The Middle East Opportunities
Abound
Middle East Business Culture Overview~ In most countries Women usually dress conservatively and modestly.
~ Meetings can run late and result in postponements.
~ Business visitors are expected to be punctual for all appointments.
~ In meetings, it is rude to refuse tea or coffee, food.
~ Never ask about a man's wife.
~ Offerings (business cards/gifts) should be offered with the right, not left hand.
~ In many countries Government offices open Sat-Wed and close at 1-2 p.m. for the day.
~ Businesses close from 1:00 p.m. until 4:30 p.m. when they re-open for several hours.
Three
Essentials
3. Loyalty, integrity and win-win business vision and expectations.
Doing Business In the United Arab
Emirates
“As we support, watch, and encourage reforms in the region, we are mindful that modernization is not the same as
Westernization.”
Common Vision in Raising Economic Growth and Successful Societies
Doing Business In the United Arab
Emirates
~Invest in the health and education for all,~Privatize economies and secure the rights of property,~Support innovation without sacrificing culture, and~Following the rule of law.
Examples of
Incredible Economic Growth
The Middle East Opportunities
Abound
BahrainDubaiMoroccoOman and LebanonJordanQatar
Dubai
The Middle East Opportunities
Abound
The Middle EastOpportunities
Abound
Brick Walls and Barriers~Lack of proactive communication~Reaching the right individual / entity~The value of research~Networking effectively~Paving the roads for business-to-business dealings~Inefficient tracking system~Confidentiality issues
Obstacles to doing business in Dubai
The Middle East Opportunities
Abound
The Middle East Opportunities
Abound
Obstacles to doing business in Dubai
The Middle East Opportunities
Abound
Obstacles to doing business in Dubai
The Middle East Opportunities
Abound
Unique Image Inc
MBITA
Triangle Relationship of
Unique Image, Inc., Dubai Chamber,
and the Economic Alliance
DCCI
The Key
The Middle East Opportunities
Abound
DUBAI
Building Relationships
The Middle East Opportunities
Abound
The Strategic Plan
AcceptanceRelationship Circle
S
AR
The Middle East Opportunities
Abound Building Success in the Middle East
requires S-R-A
The Middle East Opportunities
Abound Thank you!