Oil Wealth Fuels Rise of Dubai as Regional Trading Center

摘要

With modest expectations for market growth in Europe and the United States, Japanese companies are putting more effort into cultivating emerging markets with expansion potential. Due to the size of their populations, Brazil, Russia, India and China (BRIC) are attracting particular attention. However, in part because of ample oil wealth, growth in the Middle East market, centered in Dubai, has outpaced growth in the BRIC countries in recent years. The Middle East market continues to grow rapidly on the basis of the economic infrastructure of Dubai, which serves as a hub for people, products and information. Japanese manufacturers are establishing bases for marketing and distribution in Dubai to control and strengthen their operations in the Middle East and Africa.