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Top Business Opportunities to Explore in the Middle East

The Middle East is turning out to be a prime destination for businesses of all kinds. In the last couple of years, it has become a center for business investors around the world. And this can be partly attributed to the rising GDP and huge business investment inflows.

Not to mention that Middle East business-friendly tax rules, easy access to resources, and an educated workforce make it appealing to a wannabe entrepreneur. Setting up a business in the Middle East allows you to offer services across the region.

Aside from carrying out offline operations, you also need to develop a mobile app and open a website for your customers to find you online when doing business in the Middle East. In this article, we take you through some of the different opportunities to explore in the Middle East.

eCommerce

There’s no denying that the eCommerce industry has immense potential in the Middle East. Actually, it is among the emerging major industries in this part of the world. As per the recent research, Saudi Arabia, Turkey, and UAE were the three biggest eCommerce markets in MENA

If this is not enough, the region witnesses more online sales than in-store sales for the first time in early 2020. Ever since then, the count of online sales has outpaced offline sales. No wonder eCommerce should be among the first Middle East business worth leveraging.

Electric Vehicles (EVs)

Electric Vehicles continue posting humongous growth. At the moment, the EV market is expected to reach $561 billion and has already sold over 10.6 million Electric Vehicles. There’s no denying that EVs remain to be costlier commodities, but the tech is continuously improving and becoming cheaper.

Considering the Middle East hosts some of the wealthiest countries, it is an ideal test track for innovations in electric vehicles. It is worth noting that EVs are complex since they require internet connectivity, AI, GPS, and other tech to offer services efficiently to EV owners. Either way, you should keep in mind that the demand for electric vehicles is increasing throughout the world.

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