Businesses in MENA Following Recent Developments

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Businesses in MENA Following Recent Developments Gil Winterstein January 2021 Country profile • The UAE is the Middle East’s second largest economy. • Population: 10 million (88% non-locals) • GDP: $696 Billion • Yearly Imports: $229.2 Billion • Main economic activities: • Oil and gas • Investment funds • Industry • Trade 2 3 4 Country profile The President of the UAE is His The Crown Prince of Abu Dhabi and the The Ruler of Dubai, HH Sheikh Highness (HH) Sheikh Khalifa bin Zayed Deputy Supreme Commander of the Mohammed bin Rashid Al Maktoum, is Al Nahyan, who is also Ruler of Abu UAE armed forces is HH Sheikh the Vice-President, Prime Minister and Dhabi. Mohammed bin Zayed Al Nahyan. Defence Minister. 5 Country profile Bahrain • Population: 1.5 million (48% non-locals) • GDP: $71.17 Billion • Main economic activities: • Oil and gas • Finance • Construction 6 Country profile The king of Bahrain is Hamad bin Isa The Prime minister of Bahrain is Prince Al Khalifa Salman bin Hamad bin Isa Al Khalifa 7 Country profile- Sudan • Population: 45.6 million • GDP: $177.4 Billion • Agriculture in Sudan: • 40% of GDP, 80% of work force • Harsh food secrecy and low productive farming, despite having very fertile lands, large supply of water • Main Agriculture products: • Cotton, sorghum, millet, wheat, gum Arabic, sugarcane, papaya, bananas, sweet potatoes, sesame seeds 8 Country profile The eleven-member Abdalla Hamdok is the Prime Abdel Fattah al-Burhan, Sovereignty Council of Minister of Sudan. He was formally the head of the army Sudan is the collective head appointed following the and the de facto head of state. of state of Sudan, for 39 transfer of power to the Now he is the the Chairman of months starting August 2019 Sovereignty Council of Sudan the Sovereignty Council 9 Country profile- Morocco • Population: 35.6 million • GDP: $299 Billion • Main Sectors: • Agriculture: 14% • Industry: 29.5% • Services: 56.5% (2017 est.) • Main Agriculture products: • Barley, wheat, citrus fruits, grapes, vegetables, olives; livestock; wine 10 Country profile The king of Morocco is Mohammed VI (Sidi The Prime minister of Morocco is Mohammed Bin Hassan al Alaoui) Saadeddine Othmani 11 Main fields of Interest Water Treatment Agritech Fintech Smart Cities CleanTech Medical HLS & Cyber Industries 12 Economic Trends in the Gulf • Positioning area as Global Trading Hub 37 Free zones in UAE with: 100% import and export tax exemptions 100% repatriation of capital and profits Corporate tax exemptions for up to 50 years Diversifying sources of income: Dubai 50 Year Charter Dubai International Airport- 3rd busiest in the world Bahrain Fintech hub 13 Thank you. Gil Winterstein [email protected] 03-514-2800 14 .

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