Middle Eastern cities prove stumbling block for startups

07/20/2010 | ArabCrunch.com

Building a company in the Middle East can be difficult, says GoNabit CEO Dan Stuart. The Gulf's fragmented political system means growing companies must tackle countless regulatory and legal systems, currencies, and languages as soon as they expand beyond a single city, Stuart notes. "You can go be fifth biggest in India and have an easier time than owning the Middle East, because you can grow more inexpensively," he says. "The Middle East doesn't do themselves any favors."

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