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Q1
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Who are eligible to join the MEBG?
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Q2
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Are there any fees/costs involved in joining
the MEBG?
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Q3
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What are the benefits I can expect by joining
the MEBG?
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Q4
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Which countries constitute the Middle East
and North Africa?
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Q5
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How does the MEBG come about?
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Q6
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What are the activities/events that the MEBG
will be organizing?
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Q7
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Who are the key personnel of the MEBG?
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Q8
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Why is the Middle East and North Africa (MENA)
region such a “Hot-spot” for businessmen and investors nowadays?
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Q9
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Does MEBG members have priority over non-members
in participating/attending MENA related events?
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Q10
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What is the link between the MEBG and SBF?
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Q1
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Who are eligible to join the MEBG?
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We welcome any Singapore or Singapore based companies who are interested to venture
to the exciting and emerging Middle East and North Africa (MENA) region to join
the MEBG. This also extends to those who are already doing business in the MENA
region to join the MEBG as their expertise and knowledge of this region would be
most valuable to the MEBG as a whole.
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Q2
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Are there any fees/costs involved in joining the
MEBG?
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Singapore Business Federation (SBF) members are eligible to join the MEBG for free.
To encourage more companies to join, we have currently waived the joining- fee of
S$100 for a limited time period.
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Q3
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What are the benefits I can expect by joining the MEBG?
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There are numerous benefits of joining the MEBG:
1. Members will be given priority to participate in MEBG activities such as business
forums, seminars, business matching sessions, networking events, dialogue sessions,
hosting company visits and overseas missions, to further strengthen your interests
in the Middle East.
2. Members will have a platform where you could turn to on a regular basis for advice
from other successful businessmen when you plan for their venture in this region.
3. Members can tap into our growing database of companies in the Middle East pertaining
to your area of interests, current business activities and even explore future opportunities!
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Q4
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Which countries constitute the Middle East and North Africa?
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The Middle East and North Africa (MENA) region is a vast geographical entity located
where three (3) continents: Africa, Asia and Europe meet. It spans from Morocco
in the west all the way to Iran in the east. The countries constituting the MENA
region are:
Middle East :
Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi
Arabia, Syria, UAE, Yemen
North Africa :
Algeria, Egypt, Libya, Morocco, Tunisia
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Q5
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How does the MEBG come about?
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The Middle East Business Group, abbreviated MEBG in short, has its origins in the
Middle East Business Club, an initiative of Mr Teng Theng Dar when he was still
with Intraco before joining SBF as its Chief Executive Officer. This Middle East
Business Club was formed by a group of businessmen with keen interest in the Middle
East after their successful business mission to Iran in April 2004. Within a short
span of time, the membership of this business club grew tremendously, from the original
12 members to 40 members.
Furthermore, with Singapore’s growing business interests and economic presence in
the Middle East and North Africa region, a more sustainable business body than this
business club was needed. This proposed business body will be supported by a permanent
secretariat that will coordinate and implement all Middle East and North Africa
related activities such as networking sessions, business opportunities seminars,
overseas business missions and business forums. Therefore, with the above in mind,
the Middle East Business Group (MEBG), under the auspices of the Singapore Business
Federation (SBF) was formed. It constitutes the first step in the setting up of
a full-fledged International Forum by the SBF.
The MEBG provides a platform where companies could turn to on a regular basis for
advice from other successful businessmen when they plan for their venture to the
Middle East and North Africa region. It will also be a platform to facilitate business
opportunities between businesses in the Middle East and North Africa region and
Singaporean companies under the MEBG banner.
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Q6
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What are the activities/events that the MEBG will
be organizing?
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Numerous activities/events are planned for to add value to MEBG members. These activities
include:
networking and business matching sessions with incoming business delegations
business meetings with individual visiting businessmen
business opportunities seminars and business forums
Outgoing missions to Middle East and North African countries
For more information, please check <Upcoming Activities>.
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Q7
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Who are the key personnel of the MEBG?
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The following are the key personnel of the MEBG:
Advisor
Mr Zainul Abidin Rasheed – Senior Minister of State, Ministry of Foreign Affairs,
Singapore
Mr Lee Yi- Shyan- Minister of State, Minister of Foreign Affairs, Singapore
Chairman:
Mr Teng Theng Dar – Chief Executive Officer, Singapore Business Federation
Vice-Chairman:
Dato’ Mohd Zain Bin Abdullah – Executive Chairman, Prestige Marine
Mr Shabbir Hassanbhai – Director, Indo Straits Trading Co Pte Ltd
Mr Wong Meng Meng – Senior Counsel-Founder-Consultant, Wong Partnership LLP
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Q8
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Why is the Middle East and North Africa (MENA) region such a “Hot-spot” for
businessmen and investors nowadays?
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Consider these pertinent facts on the MENA region:
Population of 400 million with combined GDP of US$1 trillion.
Majority of population under 35 years old
Main supplier of oil and gas – with prices expected to remain high, this is expected
to increase purchasing power and spending at both government and consumer level
Consumers who are keen to purchase goods and services, in essence, a buying market
Governments who are keen to diversify their economies and move away from over reliance
on the energy sector
Opportunities for all facets of development
With the above facts in mind, it is not difficult to see why the MENA region is
such a “Hot-Spot” among investors and businessmen these days.
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Q9
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Does MEBG members have priority over non-members in participating/attending
MENA related events?
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Of course, MEBG members will have priority over non-members in participating and
attending MENA related events organized by the MEBG. Please see the answers to Q6
for the list of MENA related events.
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Q10
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What is the link between the MEBG and SBF?
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The MEBG is an initiative of the SBF, formed as an initial first step to setting
up a full-fledged International Forum, for which all markets under the Global Business
Division of SBF will be covered eventually. As of now, the MEBG is very much part
of the SBF.
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