Gurey25 come in

[Siciid85]

Since you are our resident Middle East expert Somalilander, i wanted to ask you which countries in the M.E is the most suitable for business investments and which sectors? a relative of mine recently moved to the UAE for business purpose. If the Middle East in particular the oil rich khaleej countries are a commercial magnet as many enterprise analyzers say i can see myself investing in there in the upcoming years when i transfer my assets from different locations and later redirecting parts of it to Somaliland when the business hits a big success.


Thanks in advance.

[gurey25]

investments and sectors?
Dude you sound like you are a multimillionaire or something.


The important thing to look at is ease of doing business and the amount of paperwork.
If you have the money you can do anything in the UAE, anything they have very little regulation and paperwork,
and Jebel ali freezone is the centre of re-exports in the Entire region , supplying east africa and the middle east.
You literally set up a fully licened business in under a week.

The downside is that it is becoming a mature market and this means less profits and less risk.

This is why i recommend Qatar, they are still reer badiyo, pretty ignorant and stupid and have way too much money to spend.
they are basically where Abudhabi was in the 70's.
The downside here is that the entire country is owned by the althani family and associates ,
and they have a finger in practically every business venture from a billion dollar factory to your local corner shop.


You will need contacts , contacts are worth their weight in gold, and you need ot relax and chill.
arabs are just like somalis and do not know the concept of time, or appointments or deadlines, you need to adapt.

and they are fickle,one minute they are your best friend and as close to you as a brother the next minute you are a stranger.
I was close to a couple of shiekhs and even the interior minister, but after a fiasco in our enterprise we are not on speaking terms.


and do not mix qabiil and business , big problem.
ask around about the habar jeclo company that failed in qatar back in 2007.

[Siciid85]

lol Gurey does one have to be a multimillionaire to consider such investment plans in the Khaleej, i think the important part is to have a business acumen and enough cash for your business plans and not necessarily a millionaire. So Qatar is more suitable for setting up a business but has downsides, i think i would go for UAE despite the risks since i have contacts there, i practically know no one in Qatar apart from my cousins father. They use to live in Qatar.No worries i am not one to mix qabil and business, two deadly combinations. .