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Smart Cities Educaticon Series to the Gulf Region

Smart Cities Educaticon Series to the Gulf Region

Date(s) - 09/14/2021
9:00 am - 11:00 am

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World Trade Centre Toronto

The World Trade Centre Toronto (WTC-T) is organizing a market education series to the Gulf Region

About this event

Market education series provides a comprehensive overview of a specific market and sector. Following this forum, you will be able to better understand the barriers to entry, identify concrete export opportunities, and assess your company’s initial market readiness.

This is a unique opportunity for Canadian brands that are seeking to expand into the Gulf region and want to learn more about the challenges and opportunities that are present when entering.

Forum Highlights

• Market Overview– A socio-economic overview of the market and highlights top sector trends, opportunities, and risks.

• Entry Methods- Defines the types of entry requirements, the legal framework to operate in each market, key exporting strategies, and the steps required to enter a foreign market.

• Considerations– Provides participants with the key taxation and trade barrier considerations and steps to take for export success.

• Success Stories – Highlight one or two export success stories from previous MAP graduates who have successfully sold and scaled their product or service internationally.

• Upcoming Workshops + Missions – The next steps of the program will be presented introducing the activation program and in-market mission dates will be revealed.

Eligibility Guidelines for companies

• Trade-ready Canadian companies within the Smart Cities sector with a clear business strategy and production capacity, interested in selling their products and services to the Gulf Region.

• Sector-specific service providers, regulators, and industry associations interested in learning more about the opportunities for Canadian businesses in the Gulf Region.

Why GCC?

• The Gulf Cooperation Council (GCC) consisting of six member states (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) is one of the largest regions in the world with a combined GDP of $3.65 trillion and a population of 54 million.

• The Gulf Region smart cities market is set to more than double in value by 2022, from $1.3 billion in 2018 to $2.7 billion. Among the top 102 smart cities, Dubai (#45) and Abu Dhabi (#56) lead the Arab World.

• The GCC is a political-economic alliance and common market that eases the movement of goods and services amongst citizens. This enhances opportunities for Canadian firms selling to the region—for example, selling to the UAE allows access to the Saudi Arabian market and vice versa.

• Saudi Arabia is the largest market in the region with a population of 34.3 million and a GDP of $782 billion which accounts for 47% of the region.

Program overview

• Panel discussion and education about the main socio-economic trends, opportunities, and risks from best-in-class subject matter experts in the Gulf region

• Presentations from in-market experts on entry methods, legal frameworks, taxation, trade barrier considerations, and key exporting strategies

• Success stories from previous MAP grads and upcoming workshops and missions

(1.5hrs total)

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