Algeria has a population of 42.6 million (IMF, 2018) and is the largest country in Africa in terms of landmass. Trade between the UK and Algeria is expanding. In the year to June 2019, the total trade in goods and services between the 2 nations reached £3.2 billion, an increase of 67.8% on the previous year (ONS, 2019).
Israel is a highly developed, western-orientated market whose business practice is similar to much of Western Europe. UK exports to Israel have grown steadily and many British companies have a major presence in the market.
In recent years, Jordan has undertaken economic reform and re-opened borders with neighbouring markets. This has created new opportunities in this market for UK businesses.
Despite political and economic challenges Lebanese business people are trying to stay afloat through the 2021 turmoil. The private sector in Lebanon has always found a way to muddle through, even with little government support and lack of some basic infrastructure needs.
The Sultanate of Oman is the second largest country geographically in the Gulf Cooperation Council (GCC). Its strategic location within the Arabian Peninsula, internal political stability, a favourable tax regime and strong existing links with the UK offer significant export opportunities for UK businesses.
Qatar has one of the highest levels of GDP per capita in the world, making it an affluent market. Qatar is a key market both for trade and investment because of its dynamic and diversifying economy, and the wide variety of growth areas identified in its National Vision.
The Kingdom of Saudi Arabia is a high-income country. It has a large population, significant purchasing power and a growing reputation as an important destination for many foreign brands and companies in many different sectors.
The United Arab Emirates (UAE) is one of the UK's most important trading partners, continuing to be a growth market for UK exports. In 2020, exports to the UAE from the UK totalled more than £8.1 billion and we had a trade surplus of more than £4 billion (ONS, 2020).