Localization in Saudi military industries rises to 19.35%    Logistics park for vehicles worth SR300 million to be set up at Dammam port    Commerce Ministry recalls 6,500 Genesis cars due to risk of fire    HONOR KSA expands its presence with new flagship Experience Store in Riyadh HONOR's first flagship store in KSA provides visitors with a premium experience, exciting offers and free services    Saudi, Iranian foreign ministers discuss Oman-mediated talks with US    Prince Sultan University launches first bachelor's program in language and media    Al-Falih: Eastern Province hosts 700 investment opportunities worth SR330 billion    India demolishes houses of 10 alleged militants days after deadly Kashmir attack    Yemen's Houthis claim dozens killed in US strike on prison holding African migrants    Putin announces three-day Russian ceasefire in Ukraine from 8 May    Crown Prince donates SR1 billion to support housing for eligible families    Suspect charged after Vancouver car ramming leaves 11 dead    Rock & Roll Hall of Fame picks Outkast but not Oasis    Makkah police arrest Yemeni and Egyptian suspects of fake Hajj campaign    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Al Ahli cruise past Buriram into AFC Champions League Elite semi-finals    Saudi orchestra to perform at Sydney Opera House in May    Al Hilal thrash Gwangju to reach AFC Champions League Elite semi-finals    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



KSA among countries with rising commercial importance
Published in The Saudi Gazette on 26 - 11 - 2012

JEDDAH — Corporate travelers are heading to new business hubs outside of Brazil, Russia, India and China in order to scope new opportunities for growth and investment in other parts of Latin America, Eastern Europe, Africa and the Middle East, global business travel management company FCm Travel Solutions said Sunday.
Besides Brazil, FCm Travel Solutions has identified Saudi Arabia, Angola, Ghana, and Congo as countries of rising commercial importance for clients.
In the Middle East & Africa, Ciar?n Kelly, general manager for the region, said: “FCm recently signed a new partner licensee agreement in Angola in response to demand for travel management services in that region. Angola's oil reserves make it highly attractive to G20 countries and corporations with commercial interests in mining. Ghana and Congo in Africa are viewed as rising business hubs while Saudi Arabia in the Middle East is on FCm's list as a country of high potential for growth and investment.”
Mexico, Colombia, Peru, Argentina and Chile in Latin America are also earmarked as emerging hotspots on account of the volume of bookings FCm is transacting for clients to these five countries.
And in Europe, foreign interest in the natural resources industries of Uzbekistan and Kazakhstan has put the spotlight on business travel to both these countries.
“While a lot of discussion has been around the activity generated from the BRIC countries we are starting to see growth in business travel bookings to a host of other global locations,” said Maren Hanschke, director of FCm's Latin America and Caribbean network. “By looking across our global network at where our clients are booking their travel to, where clients are setting up new offices or operations and what destinations they are asking for local travel management support in, we are able to pinpoint new areas of growth for the industry and for our company.
“For companies travelling to these destinations it's vital they have access to a travel management company with local market expertise as well as global knowledge of carriers and pricing options to ensure their people are getting in and out of these regions safely and cost efficiently,” Hanschke added.
FCm said commercial interest in Mexico is booming because of its location, well qualified workforce and reduced labor costs. Key industries for FCm clients heading to Mexico include the manufacturing, automotive and assembly sectors. Additionally many US companies have supplier facilities in Mexico.
Clients involved in the agricultural, industrial and service sectors are also heading to or travelling within Argentina, while Chile and Peru are gaining importance on account of their mining opportunities. In addition Costa Rica and Peru have high levels of inbound MICE.
Commenting on developments in Europe, Franziskus Bumm, general manager of FCm's European network, said: “Uzbekistan and Kazakhstan's supply of natural resources make these countries highly attractive to Western economies. The market in each of these countries is growing quickly, which is why the demand for corporate travel services is also rising. Georgia, which is on the crossroads of Western Asia and Eastern Europe is also a rising new business hub for corporations.” — SG


Clic here to read the story from its source.