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Sunday, November 11, 2012

The Arab world is a blooming market for venture capitalists


These are the three numbers that anyone should remember when looking at the Internet and technology opportunities in today’s Arab world. The Arab world is made of 350 million people spread between 22 countries from the Atlantic Ocean to the Arabian Gulf sharing one language and tight cultural and entertainment affinities.

Over the past decade this “world” has significantly invested in its physical and human infrastructure, creating an economic space that has increasingly facilitated the circulation of goods, capital, ideas and people.

The Gulf Cooperation Countries (GCC), a trade union that groups the strongest Arab economies of the Arabian Gulf (Saudi Arabia, UAE, Qatar, Kuwait and so on) has emerged as a global player both on the political and financial scenes (with the presence of its notorious sovereign wealth funds, new global companies and cross border investments). 

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