What is an industry report?
You will need an industry analysis report depending on the industry that your company is in before you can decide whether to enter a particular market. This report will discuss:
* Current market position
* Supply outlook and short and long-term demand.
* Prevalence of an industry structure in the region
* Reports specific to each country
* Profitability vs. Cost
* The regulatory environment, political position, and financial and capital market, etc.
* Analysis of competitors
The report on industry analysis would be helpful at both the macro-level (in terms of economic conditions in the countries and region) and the micro-level (in terms of market analysis, target audiences, etc.
Overview of the GCC Region
According to the International Monetary Fund (IMF), despite falling prices and volatility on the capital markets, the growth rate for the Gulf Cooperation Council (GCC) is expected to rise between 4.1% and 4.5% in 2015.
Based on data from the World Bank, the Middle East and North Africa region (MENA) is experiencing a slow 0.7% growth rate. This is due to its poor social and political stability and infrastructure. The GCC is still growing because of its political stability, prudent policies, and external financial resources.
The GCC region has shown steady economic growth. Future growth is expected. GCC Industry Analysis will show you which country is an excellent place to invest.
Kuwait Industry Analysis Overview
An IMF report states that Kuwait is on the right track to growth, with an acceleration of 2.8% in 2013 and 3.5% in 2014. This will be followed by a projected 4.5 to 5% increase in 2015 and a predicted 5% to 5% in 2015. The overall growth rate is expected to be stable due to the increased oil production. Government expenditures in infrastructure, oil, and private spending are expected to increase.
An industry analysis of Kuwait will show that, while the country is facing rising prices for land, electricity, and transport, the government has made efforts to diversify the economy. Kuwait is a country worth considering for investment, thanks to a 2013 law that encourages foreign direct investment (FDI).
Saudi Arabia Industry Analysis Overview
An IMF report predicts that Saudi Arabia will continue to grow at 4% due to increased private sector activity and government spending. According to the report, the government is also working on:
* Strengthening infrastructure in the country
* Creating a better business environment in order to attract FDI
* Improving education and skill-sets of the labor force
* Increasing the number and quality of jobs
The Saudi Arabia industry analysis shows a positive outlook for FDI.
UAE Industry Analysis
Although IMF had forecast a UAE growth rate of over 4%, they have now reduced their estimate to 3.5% due to the recent drop in oil prices. Real estate and aluminum production are two industries that are experiencing a boom in the country. UAE’s economic strategy to increase development and boost competition is making them a force to reckon with.
What can a GCC Industry Analysis do?
It is crucial to fully understand the implications of choosing a country for market entry. It’s not the economics that makes or breaks the decision of whether to expand to another country. It is more than money.
An analysis report that is well-researched will:
* Give you a competitive edge
* Provide relevant information that will help you set the right benchmarks
* To help you make intelligent decisions
You need to be able to understand the consumer behavior, market players, logistics, and other aspects of your business. So that you can make informed decisions, to gain valuable insights, hire an analyst who has experience in GCC industry analysis.