Can Africa, India and the Middle East (AIM) transform the world s economic outlook?

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1 Can Africa, India and the Middle East (AIM) transform the world s economic outlook? The better the question. The better the answer. The better the world works.

2 AIM Africa India Middle East Borderless advisory services

3 The dynamics of the global economy have changed with a new set of fast-growing economies challenging the position of the more established ones. Three of these markets Africa, India and the Middle East are becoming more important in terms of their overall influence globally. The three Regions differ, but share a number of common characteristics they are focused on supporting economic diversification, job creation, regional integration, improving their global positioning and leveraging digital innovation. We understand what drives growth and what it takes to succeed in these fast-growing markets. We have the scale to support transformation in these markets. We are incubating markets-specific services digital, analytics and cyber, to support innovation and the growth agenda. That is why we created AIM borderless advisory services.

4 What brings % Countries Of the fastest Of the in Region growth world s GDP economies Of the world s inboundfdi Of the world s consumers Of the world s trade flow 10% 37% 2% The three Regions differ, but share a number of common characteristics they are focused on supporting economic diversification, job creation, regional integration, improving their global positioning and leveraging the possibilities of digital. Global positioning Complicated regulations and shortage of talent in the (MENA) are key barriers to realizing the Region s economic potential. Foreign Direct Investment (FDI) inflows to Africa remained flat, highlighting the ease of doing business and increasing investor confidence. Despite an increase of 22% in FDI inflows, ease of doing business remains a challenge. Policy reform and program like Make in India are being used to attract FDI. Digital Achieving digital transformation is critical Middle East. Countries are using digital technologies to bring governments closer to citizens and business. Multiple initiatives such as on supporting digital transformation across Africa. Similarly the Indian Government has embarked on a $17.7b Digital India program that seeks to transform India into a digitally empowered society and knowledge economy.

5 AIM together? Job creation Providing sustainable employment for nationals has become a growing concern resulting in a drive to create private sector jobs in the Middle East. Youth unemployment continues to be a growing challenge. Job creation is at the core of the structural transformation agenda in Africa. India s high growth rate is not translating in job creation. Employment creation will be a key challenge for the next decade. Diversification Managing the many risks of oil dependence is MENA s biggest challenge. All countries are supporting their diversification efforts. Similarly, African economies are dependent on few export commodities and sectors. A regional approach to economic diversification is critical given the size of the economies. Trade Intra-Gulf Cooperation Council (GCC) trade represents just 5% of total exports. Supporting GCC integration has the potential to boost the economy by US$36b. Supporting regional integration is a top priority. Establishment of the TFTA* is expected to provide a US$8.5b boost to intra-african trade.

6 Complex issues With favorable demographic and consumption trends, there is tremendous potential for growth in Africa, India and the MiddleEast. Emerging market multinationals are playing an increasingly prominent role in shaping global business. Equally important: most governments today are focused on sound macroeconomic policies, are much more open for doing business, are keen to increase flows of capital goods and services across borders, and are trying to implement regulatory reforms. In a world of unprecedented complexity and opportunity, organizations in Africa, India and the Middle East are looking to make new connections and find new ways of innovating. Underscoring EY member firms commitment to and a deep understanding of emerging markets, the creation of borderless advisory services for Africa, India and the Middle East (AIM) inspires us to look for opportunities for the most complexissuesin thesemarkets. How can 7,000 professionals with deep transformation experience in these markets help you meet your objectives?

7 need deep insights Is digital the answer to provide access to more than 500 million unbanked citizens? Can digital grids get one billion people access to electricity? Does combating borderless financial crime need borderless protection? How can we turn big, complex programs with more than US$400b into big, sustainable value? Can robotics help more than 200 local banks remain competitive? Will your business be the choice of three billion consumers in Africa, India and Middle East? Are on-demand services for 21m mid-market companies the key to driving economic growth?

8 The AIM

9 advantage

10 Success and Can growth be profitable in emerging markets? EY helped a US$30b tire manufacturer turnaround their operations in Africa. Are smart meters the answer to electricity problems in emerging markets? Our digital grid as a service is a game-changing option to implement smart metering at scale. Can digital banks drive financial inclusion for 460m unbanked African citizens? EY helped conceptualize and launch the first digital bank in Africa. We understand what it takes to succeed across AIM.

11 speed to value What value is data if you can t make sense of it? EY is helping the world s largest Islamic bank based in the Middle East make better decisions through a data management and reporting factory. How do you find business balance in a shifting energy landscape? EY is helping the largest NOC in the world to develop their strategy for growth in changing market circumstances. What s the right recipe to support growth? EY helped a US$16b consumer goods manufacturer achieve breakthrough manufacturing performance in Africa. We have the scale to support your transformation across AIM.

12 Innovation for Can digital grids get one billion people access to electricity? EY is helping an integrated power and utility provider in MENA develop and implement a digital grid strategy. How do you prepare the workforce of the future for the jobs of tomorrow? In collaboration with Tribal Planet, EY has developed Citizen Science, a mobile platform that supports STEM learning both inside and outside of the classroom through experimentation and play on a mobile device. Can robots boost agility and efficiency? EY used robotic process automation to improve the efficiency of the underwriting process for the world s largest Islamic bank based in the Middle East. We are incubating digital, analytics and cyber services specific to AIM.

13 the Region Is security the price to pay for innovation? EY is setting up a digital cybersecurity operations center in MENA to help clients improve resilience against cybersecurity risks. Do you have to be a start-up to set the disruption agenda? We have set up EYx to incubate innovative services to solve emerging markets challenges. How can on-demand services help support growth for 21m middle market companies? EY Growth Solutions is a platform that offers companies access to subscription-based innovative, on-demand services with inbuilt flexibility, standardization and competitive pricing.

14 Don t just take our word for it clients really like what EY does. Among its Big Four peers, EY particularly distinguishes itself for its digital offerings, which 77% of clients find to be of at least high quality that s 11% better than its nearest competitor (EY) is also the top ranked firm for its transformation capabilities at a time when it really matters If there s a single firm that is really seen to be getting it right in the region, then it s probably EY Source: Source Global Research 2016

15 EY Assurance Tax Transactions Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities AIM Advisory Leader EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com EYGM Limited. All Rights Reserved. Gerard Gallagher EY AIM Advisory Leader Gerard.Gallagher@ae.ey.com EYG No GBL ED None This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax or other professional advice. Please refer to your advisors for specific advice. ey.com

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