Today, companies are setting their businesses into international markets across the globe more than ever before. Such a move is part of an organisation’s strategy in order to keep its business growing. In particular, companies seek to expand internationally to generate more revenue, diversify their business, or gain access to a larger talent pool.
However, going global comes with its own set of obstacles, varying from language and cultural barriers, to regulatory and compliance issues, to local competition, to operational issues. All these challenges have significant impact on how businesses will fare in the international market.
If you’re still testing the waters about expanding internationally, it matters to know the variables to consider – such as whether your target market is already saturated or not, the language requirements, regulations in place, the amount of time and money needed and perhaps most importantly, the country you aim to expand to.
To give you an idea of the best places to invest in, we present to you our series on the Top Investment Destinations for Business Growth in 2019.
For our first two features, we explored the economies of and growth opportunities in North Rhine-Westphalia (NRW) and Qatar.
North Rhine-Westphalia (NRW) is considered as one of the top places for investors looking to expand and grow in Europe. Located in the heart of Europe and considered as Germany’s economically strongest federal state, NRW has proven to be a particularly attractive investment location for foreign companies in Germany and Europe for many years.
Qatar on the other hand is also highly regarded by investors. Ranked as the world’s richest country per capita based on data from the International Monetary Fund (IMF) 2017, Qatar, with its well-developed, competitive local market and highly developed value chain, continues to attract international investors and businesses to its shores.
Discover more about what makes NRW a perfect location for your business set-up and expansion through insights from NRW.INVEST GmbH, the central contact point for investments in North Rhine-Westphalia, as well as the the industries in Qatar that present abundant opportunities for companies wishing to expand in the Arab world through our conversation with Yousuf Mohamed Al-Jaida, Chief Executive Officer at Qatar Financial Centre,the leading institution for quick and easy set up in Qatar and beyond.