Risk Management Critical to Successfully Investing in the Emerging MENA Region
NEW YORK (February 22, 2016) — According to the business and risk management experts who contributed to RIMS Executive Report: The Risks and Opportunities of Doing Business in the Middle East, the rewards of investment in the Middle East, North Africa (MENA) region are worth the challenges.
The newly released RIMS report explores the importance for risk professionals to administer appropriate measures of due diligence prior to embarking on business ventures in the region. Risk management’s role in assessing financial exposures, corruption and compliance issues, cultural differences, strategic partnerships and political risk insurance are also covered.
“Businesses are constantly looking for ways to gain an edge on their competitors and global expansion has become a leading strategy for doing so,” said RIMS President Julie Pemberton. “While the Middle East offers organizations many opportunities, entrance into the region, like many other emerging areas of the world, requires a thoughtful risk analysis.
“RIMS has done its homework and has already identified the tremendous value of engaging the region’s risk management community as evidenced by our Risk Forum in Dubai. This report will provide guidance for others considering a MENA expansion.”
In December 2015, RIMS held its first-ever RIMS Risk Forum Middle East as part of its efforts to achieve its strategic goal of expanding RIMS’ influence worldwide. RIMS Risk Forum Middle East 2016 will again be held in Dubai on December 13-14.
RIMS Executive Report: The Risks and Opportunities of Doing Business in the Middle East is available in RIMS Risk Knowledge library: www.RIMS.org/RiskKnowledge.