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Diversification strategies indicate strong Australia MENA bi-lateral relations

By Jessica Swann

The Arab States, notably the Gulf countries have some of the largest sovereign wealth funds in the world.  With many of these countries setting their visions for long term success on diversification strategies, countries such as Australia are in a good position to engage in meaningful trade and investment from large scale merger and acquisitions to smaller exporters including SME’s.

This month, Qatari power and water firm Nebras power QSC acquired a 49 per cent stake in Australia’s Stockyard Hill Wind Farm, which is set to become the largest wind power facility in the Southern Hemisphere.  This deal provides a positive impression of the relationship between Australia and Arab countries, notably those with cross border diversification strategies.  A very important indicator of the strength of Australia’s bi-lateral relations with the Arab world, particularly while tensions are being felt globally due to the competing forces of nationalism and globalisation.

Professor Robert Thompson is the Peter Weidenburch Jr Professor of Business Law at Georgetown University Law Centre Washington DC, USA where he teaches courses in corporations, securities, mergers and international economic law. He has been in Australia as a guest of Monash University Law School presenting on Nationalism and M&A Markets.

AACCI’s National Secretariat Jessica Swann caught up with Professor Thompson during his visit to Australia to ask him how these competing forces of nationalism and globalisation are having an impact on trade and investment between Australia and MENA countries.

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