2011 will be remembered as the year of the Arab Spring, when a generation found its voice on the streets of Tunis and Cairo. Less discussed is the fact that this political awakening is unfolding against a backdrop of rapid social and economic transformation. The Middle East and North Africa (MENA) is a rapidly diversifying, entrepreneurial, and globally connected business region. It saw 5% annual growth for nearly a decade before the global recession, and the International Monetary Fund reports that it’s growing strongly again — about 5% in 2011. And this healthy growth is despite the uncertainty following the Arab Spring. More importantly, the IMF predicts strong 4% growth for the region in 2012 and Gulf Cooperation Council countries could set a torrid 7% pace.
It’s Time for Big Investments in the Middle East
2011 will be remembered as the year of the Arab Spring, when a generation found its voice on the streets of Tunis and Cairo. Less discussed is the fact that this political awakening is unfolding against a backdrop of rapid social and economic transformation. The Middle East and North Africa (MENA) is a rapidly diversifying, […]
December 14, 2011
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Global Collaboration. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Learn how to overcome barriers when working globally.