Scottish Development International announced yesterday that more than 30 organisations from Scotland will attend Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), starting this coming Monday in Abu Dhabi.
David Rennie, Head of International Oil and Gas at Scottish Development International, said, "Scotland's energy industry is a force to be reckoned with, and we are excited to introduce such a strong line-up of companies to ADIPEC this year. As with our partners in the GCC, the oil, gas and renewable energy sectors make a significant contribution to Scotland's economy and offer remarkable opportunities for investment in the country as well. Years of oil and gas production have created a strong supply chain, a skilled workforce, a renowned academic sector and a well-developed energy infrastructure. Additionally, our companies are backed by world-class research and development activity in Scottish academic and research institutes.
"Each year we see that Scotland's sector strengths are welcomed by ADIPEC attendees, and we expect they will continue to be the major value generators for the industry at home and abroad in the future." Scottish Development International in its survey of International Activity in the Oil and Gas Sector 2012/13, reported that in 2012, the Middle East was the sixth largest international market for Scottish oil and gas exports, representing GBP700 million worth of sales.
In terms of revenues by market for Scottish companies, the U.A.E., Egypt, Qatar and Saudi Arabia figured in the top 20 markets.
58% of respondents reported the Middle East as a growth region in the immediate future, and 15% of respondents saw the U.A.E. specifically as a strong near term growth opportunity.