U.S. Department of Commerce Infrastructure/Multimodal Business Development Mission to Qatar and U.A.E.
Grow your High Tech Sales in Qatar and U.A.E.
A High-level Commerce official will lead a Infrastructure/Multimodal Business Development Mission to Doha, Qatar and Abu Dhabi and Dubai, U.A.E. that will highlight export opportunities for U.S. businesses that have products or services that support the multimodal transportation and infrastructure sectors. This mission advances President Obama’s National Export Initiative which aims to double U.S. exports within five years, support economic growth and create jobs.
An Incredible Business Opportunity
The Department of Commerce recognizes that while there are a number of U.S. companies that have been successful in Qatar and U.A.E., some companies need assistance negotiating these markets to take advantage of the great opportunities that exist. The Mission will assist U.S. businesses initiate or expand their exports to Qatar and U.A.E. by making business-to-business introductions, providing market access information, and facilitating access to government decision makers.
The United States continues to be the largest import partner to Qatar, accounting for 14% of the total import market. U.S. exports to Qatar surged by 495 percent, from $454 million in 2003 to $2.7 billion in 2009. Qatar is the fifth largest U.S. export destination in the Middle East, making it an important market for U.S. small and medium-sized businesses. Qatar is expected to spend nearly $65 billion to prepare to host the 2022 World Cup and has recently announced development plans that include nearly $100 billion in spending over the next ten years on transportation infrastructure projects including roads, ports and rails.
The U.A.E. is the largest U.S. export market in the Middle East/North Africa region, the second largest economy in the region, and presents qualified American companies with opportunities to expand sales of their products and services to a fast growing market. The U.A.E. is the logistics and business services hub for the wider region. The 2009 GDP for the U.A.E. was $231.3 billion and the 2009 per capita income was $42,000. Despite the recent global financial crisis, the United States and the U.A.E. have continued their long-term trade and investment relationship. Exports between both countries have increased almost every year since 1971, when the U.A.E was established.
Don’t miss out on this tremendous business opportunity. Request an application to participate today.
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