Bhanu Choudhrie is one of the few business experts who know how to sniff a profitable venture and go-ahead to commit resources. Over the last few years, he has significantly re-evaluated the performance of the family business, C&C Alpha Group, where he works as the Chief Executive Officer and oversees the day-to-day management of the company. Choudhrie notes that the Middle East is becoming a profitable region to invest because of several factors. Follow Bhanu Choudhrie at medium.com
According to Bhanu Choudhrie, peace and stability, which have been issues of concern in the Middle East, have now been solved, and the region is focusing more on economic growth than military superiority. For many years, this region has been in the headlines for the wrong reasons. Each country dealing with its internal issues that led to civil wars. Other countries have been dealing with uprising and terrorist groups, which lead to insecurity nightmare in the region.
However, the issue of war seems to have been solved in the last ten years, and most of the countries are now peaceful. The prevailing peace has allowed local businesses to thrive. Rebuilding the collapsed economies and infrastructural projects is now on the rise. Governments are now channeling most of the resources in infrastructural growth rather than military development.
Besides the expanding role of the government in the region, Bhanu Choudhrie believes that increased population from different parts of the world has created a huge demand for various goods and services. People from the United States, European countries, and Africa are finding the Middle East a habitable region. Access to employment opportunities continues to attract people in the United Arab Emirates and Saudi Arabia among other countries in the region.
Bhanu Choudhrie notes that the rise in local and migrant populations has created business opportunities for many companies offering various goods and services. The hospitality sector is now a booming business thanks to the huge population. The lack of agricultural products owing to the climatic conditions in the Middle East has created an opportunity for the food exporters and importers as well. These are some of the factors that have led to increasing business opportunities in the region. Read More: https://www.behance.net/bhanuchoudrie/