A vigorous "flowers" is being staged in the Middle East.
From the Internet to traditional industries, from giant enterprises to individual bosses, Chinese people are rushing to the Middle East to dig gold at the "Shenzhen speed" of that year.
The market space that can be explored in the segmented areas of the Middle East market may exceed your imagination.
The following industries, please enter by running!
1、 Medicine
Everyone knows that the medical level in the Middle East is high and the pharmaceutical industry is developed.
A friend said that buying medicine in Abu Dhabi is very convenient, with almost 24-hour business and a pharmacy every few steps, making it convenient to buy prescription drugs. In addition, Middle Eastern people love traditional Chinese medicine more than Chinese people, and they love to drink it.
It is said that the royal family will seek medical treatment from traditional Chinese medicine.
The export of traditional Chinese medicine from China to the Middle East increased from 18.21 million US dollars in 2010 to 137 million US dollars in 2020, and there is still considerable room for growth in the future.There is also a significant business opportunity worth paying attention to, as the obesity problem among Middle Eastern people has led to best-selling weight loss drugs.
The obesity drug market in the Middle East and Africa is expected to reach $9.1 billion by 2030, with a compound annual growth rate of 8.8%.
2、 Finance
Saudi Arabia has clearly stated in its 2030 Vision that it will continue to support investment and trading in the stock market, increase liquidity in the capital market, highlight the important position of the credit market, and pave the way for the financial derivatives market.
A Chinese financial technology company obtained the final approval for a stock trading license from the Saudi Capital Market Authority (CMA) in October last year, officially entering the local market's stock trading platform.
In the past few years, a large number of fintech companies have rushed to Southeast Asia, and in recent years, they can turn around and look at the Middle East.
3、Entertainment
Middle Eastern people have more money and are not foolish, but they are willing to spend it on gaming and entertainment.
For areas with limited leisure, there is no shortage of games and entertainment.
The average revenue per user (ARPU) of gamers in Saudi Arabia is as high as $270, ranking first in the world.
Live streaming rewards are like buying instant noodles for Middle Eastern tycoons.
4、 Building materials
Especially in the early stages of opening up in Saudi Arabia, there was strong demand.
The boss from Foshan, Guangdong said that they often attend local exhibitions and are overcrowded, with a huge number of people coming from China to grab orders! Some friends also said that not only is there a demand for TOB, but local households have large courtyards, and the demand for C-end products such as glass and door locks is also very high, which is very suitable for Chinese industries to bring overseas.
5、Maternal and infant
The number of newborns in China is decreasing, and the once popular maternal and child industry is starting to focus on elderly care.
Looking back at the Middle East, Saudi Arabia is currently the world's largest importer of baby and child products and the most profitable market.
In 2022, the birth rate in Saudi Arabia was 16.2%, with children aged 0-14 accounting for 32.4% of the total population (global average of 26.8%).
The average annual expenditure per child in Saudi Arabia is five times that of European and American countries.
The UAE has an average of six or seven children per family, giving birth is equivalent to giving birth to a house, and there is also a subsidy for giving birth. High end maternal and child products and services, rush!6、 LogisticsIt is said that whoever handles Middle East logistics will handle e-commerce! That's why there is the myth of Alibaba's female employee working in logistics in the Middle East for 4 years and 2 billion yuan.
It is said that there is still a place to rely on camels for the last kilometer? Sending packages from the capital Riyadh to Jeddah, the second largest city in Saudi Arabia, may require~
