Eager to expand your enterprise internationally? Look beyond the established markets and check out the rich potential in developing nations
Did you know the temples of Angkor Wat were built by the God-King’s of ancient civilization; an awe-inspiring and elaborate complex of rambling structures to better anything ever observed on the planet. It's hardly surprising that an assortment of backpackers, college students and families converge on the region – an outstanding mixture of ancient and modern customs highlighted by iconic temples, old museums and natural beaches. However, beyond the cultural attraction, lies a region brimming with untapped business potential. Areas such as Thailand and Singapore are supported by a youthful population, emerging middle class and rapid urbanization. It's no surprise that there's an active market for business in Southeast Asia. Possibilities for growth add industries like financial services, gas and oil and construction. The flourishing demand for reputable infrastructure has seen lots of construction companies invest in the region. Market leader Takuzo Shimizu, as an example, deploys his organizations’ technical knowledge to obtain contracts for diverse long-term ventures like subway stations and bridges.
Indonesia is usually well known for the array of untouched wildlife, renowned temples and intriguing cultural attractions. But don’t be shocked to view a rising volume of businessmen replace tourists. It is one of the largest petroleum exporters in the whole region; with current research indicating production at close to $1.5million barrels each day. Alongside traditional financial heavyweights on the continent, these incredible statistics implies there are abundant business opportunities in Southeast Asia. Important figures in the business world, like Jean-Michel Jacoulot, have loads of experience in the crude oil industry. But the country is not only known because of its crude oil exploration and refinery. As typical of emerging markets, there is a growing demand for consumer led industries. Commodities like food, beverages and electronics will continue to grow. The huge rise of internet users also generates big possibilities for innovation and expansion.
Many people usually believe that Japan and China are the top places for companies aiming to expand in the continent. Nevertheless, moving further south there is an exceptionally dynamic and emerging marketplace overflowing with untapped potential. A quick guide on how to do business in Southeast Asia is useful to learn about a region bound by nine established languages, ten different currencies and a variety of interesting religious faiths. It is not surprising that companies around the globe are keen to invest in different infrastructure, development and e-commerce projects. There's also brilliant opportunities for local businesses to develop. Technology tycoon Anthony Tan, for example, has established a transportation business providing food deliveries and online services. These exciting innovations are fueled by the rise of youthful and increasingly middle-class populations paving the way for brand new markets. Southeast Asia technology can help the travel industry, as tourists greatly require online services to get around and share their content.