Deloitte ME Chinese Services Group at HKTDC
Middle East consumer market outlook
Deloitte Middle East (ME) was invited by the Hong Kong Trade Development Council (HKTDC) to brief their delegation of visiting Hong Kong traders on market outlook and doing business in the MENA region.
Deloitte ME and HKTDC share a common goal – to support companies in their cross-border trade and business growth. This collaboration will continue, in order to help connect businesses to opportunities between MENA and China, Dubai and Hong Kong, providing companies with expertise and professional advice that would help them in their organic business growth globally.
Each year, HKTDC globally organizes a broad spectrum of 340 promotion activities, 510 networking and outreach events, and receives 740 foreign trade missions, helping Hong Kong's small and medium sized enterprises (SMEs) connect with business clients and partners around the world. The Dubai delegation is now here to participate in the second edition of Hong Kong Lifestyle Expo in Dubai, which runs from 9 till 12 November 2014, organized by the HKTDC.
Program and attendance
The Deloitte team provided a comprehensive introduction to the ME business and cultural landscape with key emphasis on setting up business specifically in Dubai.
Madeleine Chen, manager, Deloitte ME Chinese Services Group (CSG), started the event with a brief introduction on the growing cross-border opportunities between MENA and Greater China, and how Deloitte CSG is uniquely positioned to support business exchanges between the two emerging markets. Basit Hussain, director, Deloitte ME business process outsourcing, led the briefing session with a holistic overview of the driving forces defining the ME business environment, the opportunities involved, and the different categories in the consumer markets. Basit was supported by Modi Saud, senior manager, Deloitte ME business process outsourcing, and Patric Colquhoun, corporate services lead, Deloitte ME, who also gave unique insights to the audience on the local economy and establishment and regulatory formalities for conducting businesses in the MENA region.
Over 40 delegates attended this session, which was concluded by an interactive and engaging Q&A session with a range of topics being clarified in areas around tax implications, business set-up, trading across borders, personal security, and much more.
There is a surge in the number of firms coming to do business in the MENA region via Dubai - especially from the Far East emerging markets. Deloitte, with its extensive cross-border network across functions and industries is adequately placed to anticipate and address such clients’ business needs globally. With a global reach and regional expertise, Deloitte ME connects the expectations between policy-makers, business councils and market participants around the world, bringing in relevant insights while providing services and solutions that are effective, implementable and sustainable.