It’s not all about Aramco. SABIC lives in the shadow of its energy cousin in Saudi’s corporate landscape, but evidence suggests that it may be of equal strategic value to Riyadh’s power players. As the path towards diversification continues, investors are advised to become familiar with SABIC.
Among the multitude of foreign actors vying for influence in Iraq is Russia. Western influence is on the wane as Moscow ups its efforts to engage the political elite; energy companies with ties to the Kremlin are central to this, spearheading a strategy of ‘commercial diplomacy’.
Egypt’s military is known for its economic prowess, crafting arguably a strong business reputation for itself. There are indications suggesting that its commercial portfolio extends to the agriculture sector, where a host of known interests may position it as a key industry player.
Free Article
This the first in a series analyses building up to the release of a Shadow Governance Intel Report on Egypt’s agriculture sector. Actors must endeavour to grasp sector dynamics at large; a critical prerequisite for reading between the lines of power plays, corruption allegations, and the political influences at work.
As the country prepares to undergo what may be its first significant political transition in years, rumblings in Algeria’s energy sector suggest that the battle could be see former heavyweights involved. Staying abreast of emerging dynamics will be the key to anticipating where power will end up once power plays unfold.
Adorning the billboards around construction sites in Saudi Arabia is the Bin Laden family name. However, fame and fortune have not protected the company from Riyadh’s watchful gaze; the Crown Prince’s team are determined to reform the company and may be willing to usurp it if necessary.
Recent trends suggest that Saudi Arabia’s construction sector is undergoing substantive change, despite historically being a predictable pillar of the national economy. Combined with the Crown Prince’s ‘build it and they will come’ attitude, space is clearly opening up for new actors.
A relatively new member of Cairo’s business elite, Ahmed Abou Hashima is fast becoming the new face of Egypt’s steel sector. His source of wealth and early ventures helped carve out a reputation for himself, which ultimately attracted the attention of billionaire investors from the Gulf and unprecedented wealth.
The titans of Arab oil and gas usually belong to the ruling political families or in parastatal government bodies. Hamid Jafar, together with his three children, hold unique sway in the UAE's energy dealings thanks to high level political contacts in the Emirate of Sharjah - making them a private energy success story.
Free Article
Irrigation-based challenges may be detrimental to the Iranian state, but for actors with sufficient capital and expertise, it represents an opportunity. Successful navigation of Tehran's political elite could bring access to a profitable and prestigious sector, ultimately bolstering Iran's water security in the process.
The startup scene in Iran is garnering momentum. If the national economy opens up to Western investors and its banking system accommodates external parties, understanding the lay of the land helps outsiders navigate what opportunities may await.
Free Article
With several of the region’s strategic sectors gearing up to ‘welcome’ private actors into the fold, international investors are bracing for renewed levels of access to old economies. As opportunities begin to present themselves, however, a host of hidden domestic dynamics will become more important than they have ever been.