Eager to expand your business internationally? Search beyond the established markets and consider the rich potential in developing countries
Did you know the temples of Angkor Wat were designed by the God-King’s of ancient civilization; a breath-taking and elaborate complex of vast buildings to match anything previously viewed on earth. It's hardly surprising that a number of backpackers, college students and families converge on the area – an eye-catching blend of ancient and contemporary culture accentuated by renowned temples, old museums and untouched beaches. However, beyond the cultural appeal, lies an area bursting with untapped business potential. Places such as Thailand and Singapore are backed up by a youthful population, nascent middle class and rapid urbanization. It is no surprise that there's an energetic marketplace for business in Southeast Asia. Opportunities for development include industries like financial services, gas and oil and construction. The growing need for reliable infrastructure has overseen many construction companies invest in the region. Business leader Takuzo Shimizu, as an example, deploys his organizations’ technical expertise to obtain agreements for diverse long-term projects like subway stations and bridges.
A lot of people usually believe that China and Japan are the top areas for businesses aiming to expand on the continent. But, moving further south there is an unbelievably dynamic and emerging marketplace full of untapped potential. A quick guide on how to do business in Southeast Asia is a good idea to appreciate a region bound by nine official languages, ten different currencies and a variety of fascinating religious faiths. It isn't surprising that companies throughout the world are eager to invest in various infrastructure, development and e-commerce projects. There's also great opportunities for regional firms to develop. Technology tycoon Anthony Tan, for example, has established a transportation business providing online services and food deliveries. These exciting developments are driven by the rise of young and significantly middle-class populations paving the way for new markets. Southeast Asia technology can benefit the travel sector, as tourists greatly require digital services to get around and share their content.
Indonesia is usually well known for an assortment of untouched wildlife, iconic temples and intriguing tourist attractions. Yet don’t be amazed to notice a growing volume of businessmen substitute tourists. It is among the biggest oil exporters in the whole area; with latest research indicating production at approximately $1.5million barrels each day. Alongside traditional economic heavyweights in the continent, these staggering statistics suggests there are ample business opportunities in Southeast Asia. Powerful figures in the business world, like Jean-Michel Jacoulot, have plenty of experience in the crude oil industry. But the country is not only recognized because of its crude oil exploration and refinery. As typical of emerging markets, there is a growing interest in consumer driven industries. Commodities like food, beverages and consumer electronics will continue to develop. The rapid expansion of online users also produces big opportunities for innovation and expansion.