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DUBAI / Emirates Business
Majority of companies in the UAE and the GCC are optimistic over the region’s future economic outlook and 31% cited an improvement in sales over the last six months, according to a survey by Coface, the worldwide leader in trade credit management solutions and risk information services. Most exporters share a cautiously positive outlook on future perspectives, with 43.5% of them expecting increased profitability, 52.2% forecasting higher sales and 39% anticipating that cash flows will improve.
The Credit Opinion Survey for the UAE was conducted among 136 companies from 11 different sectors with the aim of understanding trends and developments in corporate payments.
Expectations remain quite positive among domestic suppliers as well, as 42% of those surveyed
believe that their profitability will improve either moderately or substantially within the next six months, while 59% (mainly those in the construction, agrofood and retail sectors) expect to see an improvement in sales during this period.