Lumina Cross Border Insights: MENA-UK cross-border trade set for a record year in 2023
- Date: 12-Jan-2023
- Source: Zawya
- Sector:Financial Markets
- Country:UAE
Lumina Cross Border Insights: MENA-UK cross-border trade set for a record year in 2023
- According to Lumina, despite the spectre of global recessions in early 2023, the Middle East provides a rare ‘bright spot’ for UK firms, with revenue contributions from UK PLCs set to grow 17%
- Regional Private Equity will resurge in 2023, along with the exciting growth of liquidity providing secondary funds
- 2023 is expected to set new records for FDI into the region
Dubai, UAE: Middle East and North Africa (MENA) and United Kingdom cross-border trade and deal activity surged in 2022, driven by two-way capital flows as multinationals and funds sought access and investments in the region, Lumina Capital Advisers said in a recent report. According to the Lumina Cross-Border Insights report, 2023 is predicted to mark another record for cross-border Middle East transactions in light of a resilient regional-led global M&A environment and strong activity in traditional industries like manufacturing, oil & gas services and industrials.
Key report findings:
- The Middle East represents a rare global ‘bright spot’ for UK companies
With the largest ever UK-listed PLC revenue contribution from the MENA region, up to 15% compared to 12% four years ago, the Middle East promises a rare worldwide “bright spot” for UK firms seeking global growth. Revenues from the region