THIS CLASS IS: INTERNATIONAL BUSINESS http://www.cnn.com/2017/08/15/middleeast/a
ID: 360277 • Letter: T
Question
THIS CLASS IS: INTERNATIONAL BUSINESS
http://www.cnn.com/2017/08/15/middleeast/aleppo-syria-rebuilds/index.html
https://www.youtube.com/watch?v=TnphaV1J_-o&feature=youtu.be
So, what do you think about Syria as a place to do business?? Read the article and watch the videos on rebuilding Syria. Do you see an opportunity in Syria? What are they?? How would you go in – by yourself? With a partner? With the UN? And think about role of women and refugees in general in the rebuilding effort. How would you protect your investment there? How would you get out???
Explanation / Answer
Any country or city that has gone through the kind of devastation that Syrian cities have seen will present a strong challenge for rebuilding efforts. There have been several examples in the past, prime being the city of Baghdad in Iraq and Palestinian cities after the war ended. Similar was the case in Bosnia Herzegovina and Kosovo.
The rebuilding challenge in such cases are such that no one entity, government or agency can manage all by itself. It needs multiple efforts, huge resources and considerable time to even reach a level that can be said as sustainable. In Syria too, the challenge for rebuilding the country is huge which presents a case for business opportunities for builders around the world. The opportunity is in all sectors i.e. construction, water and sanitation, electrification, gas pipelines, health facilities and telecommunication amongst many.
The best way to enter Syria for a business venture would be to involve a local partner for handling logistics and assisting in local government paper work. It would also facilitate to manage language barriers. In the interim, a lot of aid and help will likely be channeled through the aegis of UN authorities and it would be helpful to approach them too for contractual opportunities in the country.
The refugees including women and children will no doubt slowly return to the devastated cities and try to rebuild their lives. They will be a support to the massive construction efforts that will continue for at least a few years.
Investments will most likely be channelized through government or UN channels and hence they would be safe per se. Moreover, the local government will also ensure the investments are safe as long as the world's attention and support is there in the re-building efforts. They know that any negligence or fund mismanagement on their part will drive away foreign investment and relief efforts the consequences of which will be borne by them. Similarly, there should not be a problem to move out of the country after project completion as long as the rebuilding efforts continue and the country remains at the forefront of world eyes. The rebuilding effort, by any estimate, will certainly take some years to complete.
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