HSBC: MENA trade to boost 85% by 2025

Middle East and North Africa (MENA) trade volumes will grow by 84.7% in 2025, greater than the world trade average of 73% says HSBC Trade Conections in a new quarterly global forecast. As part of its commitment to businesses, HSBC has committed to facilitate US$750 billion of world trade by 2013.

According to a press release, HSBC Trade Connections is the first comprehensive exploration of the future opportunities for businesses operating internationally, combining trade data from around the world with leading indicators of world trade and macro-economic trend information. Overall the survey covers 36 individual countries including Egypt, Qatar, UAE and Saudi Arabia from the MENA region.

In Egypt, trade volumes are expected to grow by 270% by 2025 with merchandise trading volumes increasing from US$201.83 billion up from 2010 of US$71 billion. Qatar's trade volumes are expected to grow by 160% over the next 15 years, while growth in trade will increase to 15.82% over the next 12 months, compared to 9.77% in 2010.