A finalised free trade agreement between the UK and Gulf Co-operation Council states could be on the home stretch, and the growing trade in sports equipment with the Gulf illustrates the need for it, a British trade minister has said.
Trade policy minister Douglas Alexander highlighted the sports industry as “a great example of British expertise” and said “a trade deal with the GCC would build on our already strong trading relationship, make it easier and quicker for UK companies to export, and create exciting opportunities for UK businesses in the region”.
The UK and the six-country Gulf bloc are thought to be closing to sealing an FTA, which could boost trade between the two sides by 16 per cent, potentially adding an extra £8.6 billion a year to the trade relationship in the long run.
British sports equipment companies export a wide range of products to the Gulf, including fences for stadiums, equipment for horse-racing courses and gyms, and the installation of playing pitches. “Over the past few years, the Middle East has truly established itself as a key destination for world-class athletes, which has seen demand increase for elite level facilities and playing surfaces as a result,” said David Ball, the Middle East managing director for SIS Pitches.
There has been a growth of stadium-building in the Gulf as a result of a burgeoning interest in sports such as football, driven especially by the World Cup in Qatar and the coming tournament in Saudi Arabia. This has meant SIS Pitches, which specialises in pitch construction and turf maintenance, is primed for a winning streak in the GCC countries. It installed its first pitch in Dubai in 2011 and more recently played a major role in creating the world’s first fully indoor hybrid football pitch at Kingdom Arena in Riyadh. “So far, we’ve invested more than half a million pounds into the region, and our team is now 250-strong. We’re looking forward to continuing to establish ourselves as a trusted partner within the Middle East’s major markets,” Mr Ball added.
Deep passion for sport
In the world of personal fitness, UK specialist gym equipment makers such as Cheshire-based Pulse Fitness are looking to export more into the region to meet goals like Saudi Arabia's. The kingdom aims to increase the proportion of its population exercising every week from 13 per cent to 40 per cent by the end of the decade. Since 2019, Pulse has increased its sales eightfold in Saudi Arabia and seen them triple in Qatar.
“We’ve found our accessible equipment very popular in the Gulf and we’re looking forward to celebrating further success with our partners there in 2025 and beyond,” said David Taylor, Pulse Fitness global business development manager.
UK sports equipment companies have been doing business in the Gulf for many years, and the prospect of a free trade agreement would only deepen their relationships in the region. Oxfordshire-based Duralock makes high-quality fencing, which it initially began exporting to the Gulf states for camel and horse racing tracks nearly three decades ago.
“Over that time, we’ve witnessed first-hand the region’s deep passion for sport,” said Duralock's chief executive Jonathon McGovern. “Initially, this focused on horse and camel racing and equestrian sports, but it’s exciting to see other sports, like football, now flourishing as well. Markets like the UAE, Qatar, Oman and Saudi Arabia have immense potential for growth, and we’re eager to see what the next 25 years will bring.”
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
FA Cup fifth round draw
Sheffield Wednesday v Manchester City
Reading/Cardiff City v Sheffield United
Chelsea v Shrewsbury Town/Liverpool
West Bromwich Albion v Newcastle United/Oxford United
Leicester City v Coventry City/Birmingham City
Northampton Town/Derby County v Manchester United
Southampton/Tottenham Hotspur v Norwich City
Portsmouth v Arsenal
War
Director: Siddharth Anand
Cast: Hrithik Roshan, Tiger Shroff, Ashutosh Rana, Vaani Kapoor
Rating: Two out of five stars
UAE currency: the story behind the money in your pockets
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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UAE currency: the story behind the money in your pockets
Company%20profile
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How to help
Call the hotline on 0502955999 or send "thenational" to the following numbers:
2289 - Dh10
2252 - Dh50
6025 - Dh20
6027 - Dh100
6026 - Dh200
Captain Marvel
Director: Anna Boden, Ryan Fleck
Starring: Brie Larson, Samuel L Jackson, Jude Law, Ben Mendelsohn
4/5 stars
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The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million