Africa and the Middle East
Australia and New Zealand
Central and South America and the Caribbean
Renewable energy will play an important role in meeting these targets.
As consumers' tastes shift and prepared meals become more popular, Wisconsin companies can capture a piece of the market.
The UAE government is enacting policies and programs to help it become a hub for pharmaceuticals and is establishing medical research and development centers across the country.
Opportunities exist in the office, residential, retail and industrial subsectors.
The Middle Eastern nation has created the world's first Minister of Artificial Intelligence position, and both the public and private sectors are investing in AI research and development.
As a world leader in the higher education sector, Wisconsin can contribute to South Africa's desire to expand the reach of higher education and implement innovative technologies.
The Middle Eastern nation has set a goal of 27 percent of its energy coming from "clean" sources by 2021.
Wisconsin exporters can benefit through the sale of mining and construction equipment, power systems and other requirements for mining operations and infrastructure needs.
The government plans to use drones to make deliveries to residents, and has created a prize to encourage innovative uses of drones to improve daily life.
Wisconsin companies can supply some of the parts and services that are needed as the industry grows and aging aircraft require updates.
A strategic location and government investment are making the Middle Eastern nation into a global hub for air transport, and the country is also investing in space exploration.
Stanley Pfrang, WEDC’s market development director for the Middle East, shares insight on why companies should consider exporting to Israel.
Wisconsin companies can contribute to the need for imports to support the industry.
The country aims to host 1.3 million medical tourists per year by 2021, and needs medical equipment to support the growing industry.
Wisconsin firms may be able to supply the technology that is needed to address an environmental hazard.
Wisconsin exporters should take a closer look at these strong and growing sectors.
Wisconsin firms involved in IT platforms and other sectors of e-commerce or retail should consider opportunities in this fast-growing market.
Although sharia prohibits Muslims from purchasing and consuming alcohol, 85 percent of UAE residents are expats.
Both have ambitious targets for developing their renewable energy production capacity.
Because they have kept production costs low, the GCC countries' oil and gas sectors are well positioned to weather an economic downturn, and are expected to keep increasing output—translating into a continued need for equipment and support services.
International and domestic arrivals are up significantly in South Africa. This growth means ancillary products and services will be required. Wisconsin companies in the aviation sector are encouraged to explore these opportunities.
The United Arab Emirates (UAE) is one of the most lucrative markets for foreign defense original equipment manufacturers (OEMs) and is expected to spend $52.5 billion during the period 2013-2017.
Manufacturing production in South Africa has increased 2.9 percent in real terms year over year as of April 2016. Fast-growing sectors include electrical machinery (up 17 percent year over year), telecommunications inputs (up 10.4 percent) and inputs into petroleum and petrochemical sectors (up 8.1 percent). Motor vehicle parts and accessories rose 10.2 percent. These subsectors have all seen increased improvement since the South African currency has fallen, creating opportunities for South African exporters to take advantage of lower relative cost structures.
The Middle East and North Africa (MENA) region’s information and communications technology (ICT) spending forecast for 2016 is expected to grow $104 billion, up from $101 billion last year. The Gulf Cooperation Council (GCC) countries are the front-runners in the Middle East’s spending surge on ICT. Within the region, the United Arab Emirates (UAE) and Saudi Arabia are the two largest ICT markets, followed by Qatar.
South Africa's Western Cape province serves as an example of a strong agricultural region that will benefit from food processing technology. Almost all of Africa's food processing machinery is imported, presenting a strong opportunity for Wisconsin exports in that sector. In the Western Cape, agriculture is one of the most important sectors, and involves all the various activities that link the entire value chain from the farm/forest/fishery to the consumer. This includes inputs, production, processing, marketing and distribution of agricultural, forestry and fishing products.
Sales of beauty and personal care products in the Middle East and North Africa (MENA) region recently surpassed the $24 billion mark, with the United Arab Emirates (UAE) dominating in terms of per capita spending.
To meet predicted demand for health care workers in sub-Saharan Africa, 90,000 doctors and 500,000 nurses must be trained within the next 10 years. Thus, the region holds a host of opportunities for Wisconsin firms in the health care sector.
Fatemah Sherif, research analyst for Euromonitor International, reports that the United Arab Emirates (UAE) “air care” market is currently dominated by a growth in consumer appetites for scented candles. According to her, popular scents among UAE nationals and Arab expatriates in the UAE include the Arabian fragrance (Oud), with other nationalities preferring lavender, chocolate, cinnamon, sandalwood and vanilla.
Alternative energy and storage systems are being used to make various portions of Africa’s industrial supply chains more effective and resilient, as well as control energy costs and production disruptions. Predictable power supply is critical for industrial companies to meet their production targets and timelines, and alternative energy removes the risks arising from unstable grids and poor power quality. Alternative energy projects larger than 5 MW are well represented in Africa. However, midsize to large companies are not well served in the alternative energy solutions market, and this is where significant growth is possible.
The United Arab Emirates’ (UAE’s) life sciences sector is fueled by opportunities for innovation. The sector’s size is growing rapidly, and is expected to reach $46 billion by 2019.