The Arab world is heating up with new job opportunities and economic growth fueled by the area's growing legion of powerful businessmen. ArabBusiness.com quoted a report by Elance-oDesk that found UAE companies achieved the fifth highest spend across the world in terms of recruiting talent online during 2014 and delivered a 15% increase in registered companies on the talent sourcing website.
Of the money spent, 74% was in search of technology talent to help expand the world focus on all types of technology. In trying to fill the gap in talent in the Middle East, these business leaders posted over 22,000 new jobs to continue their efforts to shape both the Arab and global economy. As the article explained, "With 60 percent of the UAE economy made up of SMEs and with a rapidly expanding pool of entrepreneurs, tech and start-up companies in region, a growing number of businesses in the UAE will benefit immensely from the access to global talent."
Behind these SMEs and global companies are powerful Arab business men with vision, passion, and determination, not to mention significant capital.
Let's meet 51 of the seasoned business executives and up-in-comers, listed in no particular order of power or wealth, which you should know about that would be crucial to your business expanding to the Arab countries:
This list captures the old guard, including the pioneers and seasoned veterans that have built the Arab's world infrastructure, business models, and economies. It also includes many exciting new faces that offer new generations of long-standing families that have headed family businesses as well as the new breed of Middle Eastern entrepreneur that mixes tradition with the emergence of exciting technologies and platforms collected from studying abroad. Together, this group of powerful Arab businessmen holds sizable wealth and the open minds to create more opportunities for future generations.
Correction: An earlier version of this article misspelled the last name of Ahmed Shihab-Eldin.