MENA Faces Sig­nif­i­cant Chal­lenges To In­ter­na­tional Busi­ness

Middle East Business (English) - - NEWS -

Asur­vey con­ducted by CS Global Part­ners, an in­ter­na­tional ad­viser on ci­ti­zen­ship and res­i­dency, has re­vealed that those con­duct­ing busi­ness in the Mid­dle East are faced with sig­nif­i­cant hur­dles when it comes to con­duct­ing in­ter­na­tional busi­ness. With a fo­cus on busi­ness in the Mid­dle East, the sur­vey found that 67% of re­spon­dents be­lieve the ad­min­is­tra­tive pro­cesses of other coun­tries are a bar­rier to fur­ther op­por­tu­ni­ties, and 75% feel limited by the op­por­tu­ni­ties within the re­gion at least some of the time. 60% of re­spon­dents said they trav­elled in­ter­na­tion­ally for busi­ness pur­poses at least every three months if not more, mo­ti­vated largely by the prospect of ex­pan­sion and ways to di­ver­sify. In­ter­na­tional ad­vi­sory for ci­ti­zen­ship and res­i­dency, CS Global Part­ners car­ried out the sur­vey to bet­ter un­der­stand the chal­lenges and bar­ri­ers that are fac­ing busi­nesses in MENA. Con­ducted to gain an un­der­stand­ing in the chal­lenges and bar­ri­ers fac­ing busi­nesses in the MENA, the sur­vey found the fol­low­ing in­sights:

Ex­pan­sion op­por­tu­ni­ties and di­ver­si­fi­ca­tion of busi­ness are the big­gest rea­sons Mid­dle East pro­fes­sion­als seek to do busi­ness abroad

• 25% said that for­eign laws and reg­u­la­tions are the big­gest hur­dle to busi­ness

• 20% said that lo­cal cur­rency rates were a busi­ness hin­drance. CEO of CS Global Part­ners, Micha Em­mett, said the sur­vey pro­vides sig­nif­i­cant in­sight to the global cit­i­zen work­ing in the Mid­dle East: “In a highly glob­alised world of con­stant and some­times un­pre­dictable change, we wanted to bet­ter un­der­stand the chal­lenges that those con­duct­ing busi­ness in the Mid­dle East face. “Busi­ness pro­fes­sion­als around the world are al­ways look­ing to­ward the next big op­por­tu­nity, but there are times when the po­lit­i­cal or eco­nomic cli­mate af­fects their busi­ness goals and am­bi­tions. “This sur­vey shows that while there is an ap­petite to di­ver­sify and ex­pand busi­ness in the Mid­dle East, the lo­gis­tics can be a hin­drance to growth and progress.” Source: The sur­vey was com­pleted by an in­ter­na­tional ad­vi­sory firm on ci­ti­zen­ship and res­i­dency, CS Global Part­ners. https:// glob­al­part­ners.com

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