Chad

Untapped Potential: Chad's Emerging Market Offers a Wealth of Opportunities for UK Businesses

As an ever-evolving and dynamic market, Chad unveils a multitude of unexplored opportunities for businesses based in the UK. The nation's economy, predominantly dependent on oil, has experienced substantial growth in recent years, thus marking it as a credible destination for international commerce and investment. Boasting a GDP of 11 billion and a population exceeding 15 million, Chad is on the cusp of becoming a significant contributor to the global market.

A Flourishing Relationship: The UK and Chad

The UK and Chad share a longstanding alliance, a factor that has played a crucial role in the steady escalation of bilateral trade. In 2019, UK exports to Chad amounted to £5 million, a figure that is projected to surge in the forthcoming years. The UK's Department for International Trade (DIT) is steadfast in its commitment to aiding UK businesses keen on penetrating or broadening their reach in the Chadian market, offering invaluable insights and guidance to successfully manoeuvre the local business terrain.

Key Sectors: Oil, Gas, Agriculture, and Infrastructure

Chad's primary sectors that hold appeal for UK businesses encompass oil and gas, agriculture, and infrastructure. The country's extensive oil reserves and agricultural potential present substantial opportunities for investment and trade. Furthermore, Chad's ongoing infrastructure development endeavours, inclusive of road and airport construction, offer abundant opportunities for UK businesses operating in the construction and engineering sectors.

In Conclusion

In summary, Chad represents a promising market for UK businesses, replete with a myriad of opportunities across diverse sectors. The assistance extended by the DIT, in conjunction with the country's economic growth and development, renders Chad an enticing destination for UK businesses seeking to augment their global footprint.