Despite the world's elation at the Arab Spring, shockingly
little has changed politically in the Middle East; even frontliners
Egypt and Tunisia continue to suffer repression, fixed elections,
and bombings, while Syria descends into civil war. But in the midst
of it all, a quieter revolution has begun to emerge, one that might
ultimately do more to change the face of the region:
entrepreneurship. As a seasoned angel investor in emerging markets,
Christopher M. Schroeder was curious but skeptical about the future
of investing in the Arab world. Travelling to Dubai, Cairo, Amman,
Beirut, Istanbul, and even Damascus, he saw thousands of talented,
successful, and intrepid entrepreneurs, all willing to face
cultural, legal, and societal impediments inherent to their worlds.
Equally important, he saw major private equity firms, venture
capitalists, and tech companies like Google, Intel, Cisco, Yahoo,
LinkedIn, and PayPal making significant bets, despite the
uncertainty in the region. Here, he marries his own observations
with the predictions of these tech giants to offer a surprising and
timely look at the second stealth revolution in the Middle
East--one that promises to reinvent it as a center of innovation
and progress.
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