Lumina Cross-Border Insights 2023
Lumina is delighted to release its 2023 UK-Middle East cross-border deals insights paper (click here to download a copy). Key themes covered in the report include:
UK-to-Middle East and North Africa (MENA) cross-border trade and deal activity surged in 2022, despite oncoming global economic headwinds
Record levels of KSA and UAE FDI seen, with USD40bn invested, a 58% YoY increase, and record forecasts again for 2023
The Middle East represents a rare global ‘bright spot’ for UK companies;
Highest ever UK listed plc revenue contribution from the MENA region in – rising to 15%, from 12% 4 years ago
Driven by two-way capital flows as multinationals and funds seek Middle East access in order to;
Diversify revenues given the region’s relatively higher growth markets and opportunities
Capitalise on myriad opportunities from mega infrastructure projects to tourism/hospitality and clean / renewable energy
Growth in bilateral UK – Middle East transactions covering gaming, engineering, automobiles, logistics, telecoms, clean energy and manufacturing
Dramatic shift in the capital raising environment, with VC bright spots still remaining in digital transformation, deep tech, AI and cybersecurity;
2023 to see a resurgence in regional Private Equity and the exciting growth in liquidity providing secondaries funds
2023 also anticipated to be a tale of two halves, with global recession fears in H1 shifting to improved sentiment and recovery in H2
Click here to download the report.