As the latest IR Global event rolls around, focus switches to the MENA region, and to the opportunities for businesses to invest in the region, and of course for local firms to explore international expansion into other territories.
Christophe el Gammal will be attending the next IR Global MENA 2024 meeting taking place from October 31stuntil November 3rd in Casablanca and Marrakech. As a senior adviser to Paul Beare Ltd in the UK, he is ideally positioned to help companies in the MENA region to design an expansion strategy in the UK. And he says that there are a whole range of reasons for investing in the UK.
“The first – and perhaps most obvious one is the access to a Global Market that the UK provides,” he says. “As a major global business hub, the UK provides access to international markets. Establishing a company in the UK allows Moroccan entrepreneurs to tap into the wider European, North American, and global markets. The UK’s extensive trade network and favourable trade agreements make it easier to conduct international business.
In addition to its global links, the UK also offers a favourable business environment. “The UK is known for its business-friendly environment, characterised by low corporate tax rates, making it attractive for businesses,” says Christophe.
Then there’s the ease of setting up, where the process of registering a business in the UK is relatively straightforward, with minimal bureaucracy and online registration options. There’s also the UK’s transparent legal framework, which provides robust protection for businesses and intellectual property.
Once you factor in the ease of access to finance and investment, its diverse talent pool and the high number of networking opportunities, it’s easy to see why a growing number of MENA businesses are looking to the UK as their next target for growth.
“The UK is a global financial centre, home to some of the largest banks and venture capital firms,” says Christophe. “This provides easier access to financing, investment opportunities, and financial services, crucial for business growth and expansion. The presence of an international highly educated, skilled, and diverse workforce also allows MENA entrepreneurs the chance to tap into this talent pool, which is essential for scaling operations, especially in industries like technology, finance and services.
Above all, the UK’s reputation and credibility as an international business hub is key. “A UK-based company enjoys a strong reputation internationally,” Christophe says. “Operating from a well-established market can enhance a business’s credibility and trustworthiness, which is vital for securing clients, partners, and investments globally.
“Throw in a strong culture of innovation and R&D support, helpful trade agreements, a strong digital infrastructure and well established cultural and economic ties with Morocco and other MENA countries, setting up a company in the UK can provide Moroccan businesses with opportunities for growth, international expansion, and access to an advanced business ecosystem, while benefiting from a supportive legal and financial environment.”
With so much pointing to the UK, it’s a great time to meet up in Casablanca and Marrakech to make some new connections and look ahead to an exciting era of growth.