An Taoiseach Enda Kenny and Minister Richard Bruton T.D. is leading a Trade and Investment Mission to the Kingdom of Saudi Arabia, the UAE and Oman (GCC) from Sunday January 5th to Thursday January 9th 2014 inclusive.
GCC fresh water is fast becoming a scarce resource as consumption growth due to economic diversification, increase in population along with urbanization are creating a water crisis as availability is forecast to halve between now and 2030 when the GCC’s population is expected to rise to 52m from about 41m today. Efficient water management, investment in technology to produce cost efficient water and an Agri- Food sector that uses less water are all urgent priorities for Governments across the region. Governments are investing heavily in Water – Wastewater projects to such an extent that the infrastructure market (GCC) has grown from $6.5bn in 2010 and is now forecast to generate revenues of $14.6bn by 2015, with Saudi Arabia investing $100bn (from 2012 – 2020), UAE $15.8bn and Oman $8bn.
Enterprise Ireland having researched this market has now classified the GCC Water – Waste Water sector as a priority market for its clients as the scale of the opportunity if approached strategically has the potential to generate jobs, exports and most importantly a sustainable business on behalf of our client companies.
Geoscience Ireland (GI) and the GCC Trade Mission
GI is represented on the GCC Trade and Investment Mission by Michael Looby of Byrne Looby Partners –BLP- which has offices in Bahrain, Doha and KSA and Richard Crowe of Nicholas O’Dwyer Consulting Engineers which has projects in Kuwait and KSA. GI has previously participated in the MENA Mining Conference in Dubai and GI members APEX and Coastway have completed geophysical and geodetic surveys in GCC countries.