Middle East Conflict Presents Export Opportunities for Nepal, Says Trade Official

Kathmandu. Sharad Bikram Rana, Executive Director of the Trade and Export Promotion Center, stated that the recent tensions and conflicts in the Middle East have created significant export opportunities for Nepal. He noted that while the ongoing war and instability in the Gulf region have disrupted oil supplies, there has been a sharp increase in demand for construction materials required for reconstruction.

During a discussion with industrialists and business leaders in the capital, Executive Director Rana mentioned that Middle Eastern countries are seeking Nepali cement for reconstruction efforts. He expressed surprise that despite claims by businesses on public platforms that Nepal is self-reliant in cement and has sufficient stock for export, they have been unable to meet the demand from abroad. 

Highlighting that countries like Iran and Israel in the Middle East are demanding large quantities of construction materials, Rana stated that Nepal could benefit significantly if it makes proper preparations. He analyzed that the situation where some countries are unable to conduct economic transactions with each other presents a golden opportunity for nations like Nepal to expand their markets.

He also pointed out that since water treatment plants have been targeted during the Middle East conflict, there is a potential for a major drinking water crisis in the region. While there is immense potential for Nepal to export water, he noted that there are currently some technical and policy-related difficulties. He emphasized that both the private sector and the government must show initiative, as there is significant potential to export other consumer goods to the Middle East market in addition to cement and water.