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Conference & Awards
TRANSFORMING THE ARAB WORLD THROUGH UNIQUE INSIGHTS FROM BUSINESS AND POLITICAL LEADERS
Find out more on April 10 & 11, 2018, SAUDI ARABIA
IN ASSOCIATION WITH
THE PARADIGM SHIFT
The Arab Gulf and the Middle East has entered a new phase. Youth and women are being empowered, start-ups are making their mark and new political relations are forming. Yet challenges await. How will business leaders and governments transform old bureaucratic administration and implement new strategies?
The dramatic slowdown of 2015-2017 had an unexpected effect on businesses in the GCC: local champions who relied on national governments had to change their directions. Following cost cuttings and restructurings, a new era of internationalization started with businesses looking for new markets far from their own turfs.
LEAN AND MEAN
Restructuring businesses in the Gulf and the Middle East has always been a challenge. With excess staff, but limited leeway for management to cut their numbers, and unproductive relations or deals that shouldn’t be looked into, efficiencies were not the priority, but consensus was to be looked for. Transformation of the corporate culture started in 2015, with management empowered by its shareholders to achieve the desired efficiencies and return businesses to profitability. What can we learn from those turnarounds in environments in which community matters? What are the dos and don’ts to achieve the right balance?
START UPS : RETHINKING THE ECOSYSTEM
The region has embarked on a fast development of the startup environment, with massive projects taking place in Saudi Arabia, UAE, Bahrain and other countries. However, with limited amount of venture capitalists ready to commit to new ideas and outdated legal frameworks, jobs of young entrepreneurs are closer to an obstacle course than a walk in the park. What are the urgent changes that should be made to help develop this ecosystem?
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