Certainly, the business acumen and saviness of Arabs suggests so! But call me skeptical! Where is the necessary peace in the Middle East?
However, as long as some of the Arab countries act like e.g. state sponsors of terrorism (e.g. Hamas) as a protection racket so they will not be overthrown by Islamist terrorism, the chances are not so good!
Monarchies and authoritarian regimes are also not too conducive for business!
And as long as something like the Abraham Accords are not extended to the whole region, serious doubts remain. Peace stimulates business (other than the arms industry)!
"For decades, the Middle East has been seen only through the lens of oil and conflict. The notion that it could become a hub of entrepreneurship was dismissed as wishful thinking. Startups are born in Silicon Valley or Shenzhen, not in Baghdad, Beirut, or Cairo. But that story is shifting. A new book by venture capitalist Noor Sweid, Coming of Age: How Technology and Entrepreneurship are Changing the Face of MENA, argues that the region is at an inflection point. Against every expectation, a generation of founders is building companies that matter. ..."
Book cover
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