The Changing Face Of Business In The Middle East – Entrepreneur

The Changing Face Of Business In The Middle East – Entrepreneur

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.. Across the Middle East, foreign ownership laws have traditionally been relatively stringent; governments in the region have started to change this, making their economies increasingly accessible to foreign investors.. There is still much more to be done to further incentivize foreign investors, but as this develops, innovative industries such as technology and fintech in particular are benefitting, with governments in the region recognizing this as a core sector of their future economies.. The Financial Sector Development Program under Vision 2030 aims to permit fintech companies to provide financial services in Saudi Arabia.. ROBUST REGULATION IN FINANCIAL SERVICES One of the most important measures in both incentivizing foreign investment but also nurturing new priority sectors is the development of clear and robust regulation .. The crucial next step for Middle Eastern countries is to translate these female STEM qualified graduates into employees and leaders within the industries of the future.. Huge strides have clearly been made in the past decade as foreign ownership laws have changed, regulatory frameworks have been set, access to funding has been increased and education has evolved.. Sectors such as fintech are able