WHY THE UAE?
An increasing number of members have over the past few months advised us that the UAE is a market that they are putting a specific emphasis on when it comes to business development as they see significant opportunities in country but also the Middle East in general.
Another important indicator shows the UAE to have risen to the number one ranking of future export markets of particular importance to members in our recent export survey.
UPDATE ON RECENT VISIT TO ADIPEC
Following a scoping visit to ADIPEC in November 2015 it was obvious from the number of UK companies both exhibiting at and visiting the show that the UK supply chain see the UAE as a high opportunity area. The show itself, held at ADNEC, was well organised, professional, busy from day one and should be on the industry calendar as a must attend event going forward for any UK company. Overall there were 2000 exhibitors, 30 NOC’s and IOC’s, 90,000 visitors with 120 countries represented.
Most companies I met at ADIPEC described the UAE and the Middle East region as a hub of activity and is faring much better both project and investment wise than other areas of the world. Many UK companies have opted to be based in the UAE to win work in this area but also to service the wider MENA region (Middle East and North Africa). Saudi Arabia in particular is one to watch.
HIGHLIGHTS OF THE MARKET
• Abu Dhabi’s vision 2030 – the strategy to ensure the country remains sustainable even when the reserves run out
• Intention to make Abu Dhabi a logistical hub for the Middle East region
• Many UK companies are active and winning work in the region
• Although there are significant opportunities in oil and gas, there are other high value opportunities in nuclear. A new nuclear plant is being built and UK expertise in this area is in demand including the need for expertise regards to strategic planning on nuclear decommissioning.
• Many offshore and onshore oil & gas projects planned
• DEWA is developing the Hassyan Power Plant, a coal fired power plant (first clean coal plant in the region)
• GASCO has the onshore pipeline project with a $12billion budget, plans to expand facilities and do modifications at Habshan 5 and build a pipeline from Das Island to Habshan
• UK technological expertise is required along with new innovative ideas and approaches to reducing costs
INTERNATIONAL BUSINESS VISIT TO THE UAE
29TH FEBRUARY TO 3RD MARCH 2016
The plan would be to :
Hear presentations from organisations such as ADNOC, ZADCO, ADCO, GASCO ETC on “how to register and do business with” as well as experts advising on setting up a presence in the UAE (onshore and offshore)
A presentation highlighting projects across the Middle East region including investment levels and key clients involved.
UKTI from other Middle East countries may also be invited to present to the delegates on opportunities in their respective markets, eg, Saudi, Qatar, Kuwait, Oman, Bahrain etc
There may be visits to clients such as Worley Parsons, Technip, Amec Foster Wheeler, NPCC, McDermott etc plus a possible visit to the Lamprell fabrication yard.
As with any other NOF Energy overseas visits we will be meeting with members based in the UAE to tap into their knowledge and experience of doing business locally.
The actual programme will be confirmed nearer to departure time.