Considering that the middle east and most of the Arabic countries are war-torn areas, my idea of business will be based on the consequences of war in this region. It is also good to keep in mind that, even if all the political issues in dispute are solved, it will not possible to achieve lasting peace solutions in the Arab nations which are in constant conflict with the rest of the world unless the economic issues are also dealt with. This, therefore, makes the business very viable in the middle east. After my college course in business, I will greatly deal with foodstuffs considering that this area is in a desert landscape.
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Resources of Arab countries
There are enough resources in the Arab countries, for example, oil which gives the country a substantial amount of income. However, almost two-thirds of this income is spent on food because these countries do not produce any food at all because of the reasons stated earlier.
On this idea, serials will be the best kind of food to deal with since they are not perishable and require minimum preservation measures. The serials will include; maize, beans, wheat, millet, and rice which is Muslim’s favorite food. My source of these products will be the rich agricultural productive countries that produce different food at various seasons thus ensuring continuous supply in my cereal business. My speculations are that there will be ready market and hence sales will be large and within a short period of time, I will be able to have my own transport means which will increase my profit margin.
On the other hand, there is a great need for providing employment opportunities to the people in these countries. Apart from carrying out business, I will put in mind the idea that the youths are in need of jobs and I will therefore employ the Arab youths themselves in the transport sector, sales, storage, security among others.
Solving problems with drinking water
Water being another major problem, I will also consider importing bottled clean drinking water to the Arab countries since most of their waters have been polluted during the war. This business will be within the middle east countries which is seen as economically isolated due to the failure of conducting business amongst themselves like other parts of the world. In fact, eight percent of middle east trade is with other middle east countries unlike in Europe where about 75 percent of their trade is with other European countries.
As a young educated businessman, I will also liaise with the involved partners in business to encourage the country in foreign investment because the middle east lags behind other parts of the world in foreign investment and only gets two percent of foreign investment in the world.
Arab nations have many opportunities in business but one should be a risk-taker in order to succeed in business just like in any other place all entrepreneurs should be ready to take risks. Businessmen and women should aim at making Arab part of the global economy.