United Arab Emirates
The United Arab Emirates is Australia's largest market in the Gulf, with excellent growth prospects. It was Australia's 21st-largest merchandise trading partner in 2016-17.
The UAE has a sound economy, a fast-growing and youthful population, low barriers to entry, a well-managed banking system, excellent infrastructure and a sophisticated business community familiar with Western practices. It is also an intensely competitive market.
The bilateral relationship continues to have a strong commercial focus, the UAE offers export opportunities across a wide range of sectors due to the fact that 80% of all items consumed are imported, with 70% of those items re-exported to surrounding markets. Most export opportunities are delivered via trade shows, with the majority of these held in Abu Dhabi and Dubai.
In 2016-17, total bilateral merchandise trade between New South Wales and the UAE totalled A$462 million. Goods exports made up A$306 million of this.
NSW Trade & Investment focuses on attracting new investment and expanding exports to the UAE in the following sectors:
- building and construction services
- financial services
- food and beverage services
- marine services
Watch the video of Moin Anwar NSW Trade & Investment Commissioner for the Middle Eat talk about NSW trade and investment in the Middle East.