SEOUL, KOREA - HSBC held a "Korea-Middle East" forum at the Westin Chosun Seoul on May 27 and said Middle Eastern countries like Saudi Arabia, Qatar, and Oman will lead the regional economic growth for the next several years. The forum was prepared to provide investment information on the Middle East as part of HSBC's emerging market economic and investment forecast series.
Liz Martins, HSBC's senior regional economist, said, "Middle Eastern countries that went through the Arab Spring and those non-oil-producing countries will suffer for the time being while the Gulf oil-producing countries will see their 2014 current account surplus rise due to a strong economic growth." "For some time in the future, the regional economic growth will be led by the three economies including Saudi Arabia, Qatar, and Oman," she added.
HSBC Korea president Martin Tricaud said, "Although the Middle Eastern market may stumble for a while, it will remain an important market for Korean companies doing business there. By taking advantage of our global network and a wealth of experience, we want to help Korean corporations expand their business in the region."
In order to lend support to the Korean firms in the Middle East, HSBC opened the Korea Desk in Dubai, a city in the United Arab Emirates, in April 2011.
저작권자 © Korea IT Times 무단전재 및 재배포 금지
