GCC market has been having its ups and downs in the last few years. What used to be one of the most attractive T&D equipment markets might be losing its high place in the eyes of international manufacturers. A big part of it has to do with the region’s dependency on oil revenues, which, in the last few years, have not been stable, owing to the lower oil prices. Infrastructure consumption has reduced significantly over the years with austerity measures in place. In addition to this, the overall geopolitical situation in the Middle-East region has had its toll on the GCC markets, making it difficult for international manufacturers to do business in the rest of the region using GCC countries as a regional base.
Follow this link to read the article: Is the region still an attractive market for manufacturers?
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About the Author
Hassan is the Chief Commercial Officer at Power Technology Research (PTR) based in Munich, Germany. After starting in the power sector around a decade ago, Hassan has been working for various Fortune-500, FTSE-100, DAX-30 and NIKKEI-225 clients , assisting them with global market studies in the energy sector. In his current role at PTR, he works with clients to support their research requirements, both through custom consulting work and tailored research reports within the Power Grid and New Energy segments. Hassan is also a Member of Advisory Board for CWIEME Berlin and an advisor to the educational non-profit UsmanRamay.Org.