Trade for diversification
Over the last 40 years, the majority of UK businesses operating in the GCC region have been large-cap, industrial and professional services firms. Yet the region’s unprecedented transformation demands diversified investment, expertise and innovation which – despite challenging periods in the short term – continues to broaden composition of foreign businesses who invest and succeed here.
While professional services remain the largest sector in terms of our UK client base who are doing business in the GCC, we’ve seen a steady diversification of sectors including construction, industrials, renewables, media and healthcare. We have also seen an increase in ‘mid-market’ sized businesses from the UK entering the GCC – that’s those with revenues of up to 500 million pounds, who are mostly unlisted and frequently family-owned or entrepreneur-led.