Sino-MENA FinTech: Scale matters | BELT & ROAD
“MENA imports of Chinese high-tech products accounted for 4.2% of China’s global exports, underscoring ample room for growth.”
Florence Eid-Oakden, Ph.D., Chief Economist
Charlene Rahall, Mingqiao Zhao, Analysts
- MENA imports of Chinese high-tech products accounted for 14.6% of total 2016 MENA imports of these goods and only 4.2% of China’s global exports, underscoring ample room for growth.
- China is the world’s leader in FinTech volume, and FinTech is a fast-growing industry in MENA with start-ups doubling to 105 in the three years since 2013.
- Mobile games by Chinese developers play a leading role in MENA markets. Being a leader in gaming domestically, China is well positioned to capture international market share.
The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
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