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The Middle-East is where many OPEC nations are located and where a bulk of world economic activity occurs. It has also seen much investment in terms of post-oil alternative energy investment due to the projected peak in oil supplies. As was evident with the Arab Spring, people in the region have been after freer and richer lives. They want to see democracy and the expansion of labor markets. This series of events has shown that there are elements of the Middle-East that point to a brighter future. Riyadh, Saudi Arabia
①An Abundance of Resources and the Resolve to Deal with Depletion
The Middle East, with its oil and natural gas, has a strong influence on the rest of the world. At the same time, they have been working to further develop nuclear energy as the point of depletion of non-renewable energy sources comes closer and have been trying to be less dependent on oil.
②Growth of Large Consumer and Labor Pools That Demand Democracy and Freedom
With the occurrence of the Arab Spring, the younger population has been looking for a higher standard of living as well as a freer and richer lifestyle. In the future these motivated young people will constitute a large labor pool and in turn become part of an expanded consumer market, meaning that the possibilities in the Middle East are likely to keep on growing.
③World-Known Government Investment Programs and Infrastructure
According to a survey conducted by Ernst & Young in 2012, the most charming elements of the Middle East as seen from investors were the large market size and purchasing power, the infrastructure and investment programs as well as the access to resources, in that order. In the energy segment, governments of the region are putting in more effort into infrastructure and have expressed many expectations towards Japanese companies with a high level of expertise, know-how, and extensive experience. Right now there are Japanese companies in all segments currently trying to expand in this region.