Value of Established Business Partnerships in GCC Countries

gcc countries international collaboration
Value of Established Business Partnerships in GCC Countries

This post is a special introductory to establishing business collaborations between our UK company and companies from GCC countries.

Company Kunstel & Kikel Ltd. was in the process of entering the new market serving in the customised and new product development business and we are delighted to have established contacts with companies from the GCC area, ensuring high-end planning and engineering services to development projects, with a guarantee of high-end quality.

We are pleased to publicly express gratitude that our company has been invited to create business partnerships together with private companies and members of the groups from UAE, Qatar, Bahrain and Kuwait, to support them with the provision of prompt and quality services in the architectural development & project management field. The main purpose of such collaborative partnerships is to support the goal of business growth and economic diversification, by sharing our academic knowledge and exporting European practice to property development plans in the GCC region.

Dubai, UAE

Dubai is emerging as a leading Middle East hub with state-of-the art infrastructure and a world class business environment. It has now become the logical place to do business in the Middle East, with its strategic location, tax-free living and consistently strong economic outlook. One sector that has expanded remarkably over the last few years is New Product Development. Fireworks exploded from the Burj Khalifa and celebrations were held across the United Arab Emirates following the announcement that Dubai had been chosen to host the 2020 World Expo. In becoming the region’s first city to hold the Expo, His Highness Sheikh Mohammed bin Rashid Al-Maktoum, Ruler of Dubai vowed to “breathe new life into the ancient role of the Middle East as a melting pot for cultures and creativity.”

As well as being a hub for commerce, the UAE has always been an innovative hub for exchanging ideas and information. That is why the British government was fully behind the Expo bid from early on. Over one million British companies visit the UAE every year and more than thousands of Emiratis come to the UK to visit, study or do business. This cultural and commercial exchange is mutually beneficial for both countries.

Among the stated benefits are:

  • Formulating fresh proposals in various fields of development;
  • Fostering modern technology use in the industry;
  • Emphasising the importance of economic and international cooperation in the GCC region;
  • Setting up joint ventures;
  • Unified European provision to local procurement;
  • Encouraging cooperation of the private sector;
  • Strengthening ties between European practice with local know-how;
  • Establishing a strong joint presence in order to win the projects;
  • Establishing our branch in the GCC area;
  • And establishing and expand economic partnerships between the GCC region companies and other European based companies.

We are proud the company Kunstel & Kikel Ltd. is now officially open for possible opportunities to build business relationship with the choice companies from that region. Our company will serve high-end clienteles and go far beyond the usual design development & management service provision to help to achieve project goals. 

And we will strive continuing to provide excellent service that our clients are accustomed to.

What Is the Gulf Cooperation Council?

The Cooperation Council for the Arab States of the Gulf (Arabic: مجلس التعاون لدول الخليج العربية‎), originally (and still colloquially) known as the Gulf Cooperation Council (GCC, مجلس التعاون الخليجي), is a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf. Its member states are the Islamic monarchies of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

The Gulf Cooperation Council (GCC) was formed in 1981 to create economic, scientific and business cooperation among its oil-exporting members. These Middle East countries share the common faith of Islam, an Arabian culture, and an economic interest separate from OPEC. On a per capita basis, they are among the richest countries in the world. The Gulf Cooperation Council headquarters is in Riyadh, the capital of Saudi Arabia, its largest member. These countries are seeking to diversify their rapidly growing economies away from oil.

The World Economic Forum recently did a study on the future of the GCC members and the report concluded that to succeed in diversification, the GCC countries must further rise their knowledge to support business research and development, achieved by collaborating with foreign companies to fill this need. The leaders of the GCC are now walking a fine line between modernising their economies and creating further social diversification.