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April 26, 2022
In recent years the Saudi market has been opening up as the Crown Prince, Mohammed bin Salman (MBS), seeks to reposition the Kingdom with less reliance on oil and a more sustainable economic foundation for his country. The process to open-up the Kingdom is not easy and has resulted in the largest transformation program that the world has ever seen. Under the banner of Vision 2030, MBS has set out the priorities for the Saudi Government for the next 10 years and these focus on the diversification of the economy away from oil and the creation of jobs for huge, youthful Saudi national population. We now see opportunities in all sectors that were previously difficult or impossible for foreign businesses to access such as in education, training, construction and the healthcare sector.
Defense, however, has always been ‘open’ to western suppliers and prime contractors to a certain extent. The security relationship between the Kingdom and the US (and other key defense partners such as the UK and France) has always been shored up by defense sector procurement contracts.
The Defense Industry in Saudi Arabia report outlines general market entry strategy for Virginia businesses looking to sell into the Saudi defense market. It also provides an overview of current trends in the market, including government bodies and defense news, and details government & defense sector procurement.
November 9, 2021
Africa holds immense promise and untapped opportunities as a trading destination for Virginian exporters. Virginia exports to Africa in 2021 are projected to be 20% larger than in 2020 and 8% larger than in 2019. Africa is already moving toward being a large market, with a generally receptive business community. A large entrepreneurially motivated youth population is set to create changes not only to Africa but to the entire world.
This report provides Virginian exporters with a general overview of African developments as its place in the world economy shifts. This study describes major trends in Africa that will impact future trade opportunities: demographics; the growing middle class; culture shift; political changes; economic diversification; technology; and the African Continental Free Trade Area. It also provides a post COVID-19 outlook of Africa, where these key trends will play a role in economic recovery and growth.
September 8, 2021
In 2016, Saudi Arabia’s reform-oriented Crown Prince, Mohammed bin Salman, announced his plans for the Vision 2030 initiative, a strategic plan whose aim is to drive diversified economic and social growth as the Kingdom begins to shift away from its traditional dependence on oil. Naturally, the success of such a transformative initiative relies on the expansive growth and development of a variety of key industry sectors, which in Saudi Arabia’s case include infrastructure, healthcare, education, and defense.
This report, compiled by VEDP’s Saudi Arabian market-expert consultants, provides a detailed, insightful overview of the Saudi Arabian economic and social landscape in which Virginia companies can find ample opportunities for commercial success. As a decidedly youthful country with the Gulf’s largest population and economy, Saudi Arabia offers a promising market for Virginia companies looking to take advantage of the Kingdom’s burgeoning private sector growth under the Vision 2030 initiative.
July 13, 2021
Africa’s projected economic and demographic growth provide an ideal environment for healthcare exporters of goods and services to forge strategic partnerships. The African market provides opportunities in various subsectors, ranging from pharmaceuticals and medical devices, digital health, health services, infrastructure, and skills development and training.
This report provides a general overview of African healthcare and life sciences sectors. It offers specific insights into the current trends in Africa’s healthcare industry with a focus on Southern, East, and West African countries. The report also contains a sub-sector analysis, providing insights into medical devices, pharmaceuticals, digital health, and skills development and training.
July 13, 2021
The Information and Communications Technology (ICT) industry in Canada is a substantial contributor to the Canadian economy. It is built by startups: Toronto has the second highest startup densities in the world after Silicon Valley and the industry is comprised of 80% small startups.
The Canadian ICT sector produced $170B in revenue in 2019 and saw a 25% increase in GDP between 2013 and 2019. Its continuous growth is fueled by investment from the Canadian government and international firms, an increase in cyber-attacks, and its ecosystem for innovation.
This report provides an overview of the Canadian ICT industry, including current trends, recent investments, the impact of Covid-19, and sub-sector analysis that contains key information about:
- Internet of Things
- AI & Big Data
- Video Games
July 13, 2021
As an open economy with stable pro-market regulations, Peru has become the center of attention in South America for foreign investors. It is known for its transparent institutional framework, prudent economic policies, and favorable competitiveness indicators.
Peru’s government spending is projected to increase by roughly 25% between 2021 and 2024. In the next few years, four key areas for government procurement will be transportation, telecommunications, healthcare, and education. There are three types of government procurement processes in which foreign companies can participate: the public bidding process, Public Private Partnerships, and Government to Government contracts.
This report provides an overview of the Peruvian government procurement process as a Virginia exporter. It includes recommendations based on type of procurement, a step-by-step guide to the process, and future trends and opportunities for Virginia companies.