Press Release: Exclusive Survey – Business confidence strong in the GCC amongst Chinese companies, expecting to increase investment


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London, 3 October 2017 – Arabia Monitor is delighted to announce the results of an exclusive survey it conducted on Chinese companies in the UAE and Saudi Arabia (KSA) with the kind support of the Economic & Commercial Section, Consulate General of the People’s Republic of China in Dubai, the Chinese Business Council UAE and the Contact Office of Chinese Companies in Saudi Arabia. The full survey analysis will be published in Arabia Monitor’s Q4 MENA Outlook on 5 October 2017.

The survey seeks to understand:

  • The sectoral distribution and sizes of Chinese enterprises;
  • Their level of optimism about the business environment in the GCC;
  • Their investment and expansion plans in MENA, and;
  • What their concerns are when doing business in both countries.

Key findings include:

  • 95% of Chinese firms surveyed in the UAE thought that market conditions would stay the same or improve. All indicated that they planned to maintain or increase their investment. KSA results were more dispersed; 25% expected conditions to be worse within the next year, but 17% thought they would improve significantly. The remaining 58% expected market conditions to stay the same or improve.
  • Egypt was by far the favourite country for Chinese enterprises already operating in the UAE and KSA to expand to. Half of the respondents who were considering expanding into other MENA countries listed Egypt as a country of choice, followed by Kuwait, Oman and Jordan, tied at 2nd place (25%).

Arabia Monitor is a London-based independent research firm specialised in economic and market studies on the Middle East & North African region, which we view as the next emerging market. Our forward-looking perspective allows us to place current developments in the region within a broader context and a long-term view. As the only independent research firm covering all 18 Arabic speaking countries (+ Iran), Arabia Monitor acts as a research and strategy back office for its clients, helping them stay ahead of the curve.

Every quarter, Arabia Monitor’s flagship publication, the MENA Outlook (MO) highlights a regional theme and covers macroeconomic, sectoral and geopolitical analysis of each country of coverage. In our Q4 MO, the regional theme will focus on Sino-MENA trade and investment relations along the New Silk Road.

Contact:

Arabia Monitor

Mingqiao Zhao

Office : +44 20 323 94518 (United Kingdom)

Mobile: +44 77 630 80938

mingqiao.zhao@arabiamonitor.com