Family Business Groups
Family Businesses are one of the largest business segments in the Middle East. Operating across diverse industries and with varied scales, these businesses have made a significant contribution to developing the markets within Middle East, creating opportunities for growth within regional economies. While owners benefit from the personal challenge of taking their businesses to the next level, family influence and respect within the community, they are also confronted with numerous challenges which generally aggravate over time and with business expansion.
Among these challenges is the need for next generation leadership development, managing control centers, succession planning and managing the transition of the business to the next generation of family control.
Speak to MRI Search Consultants about their experience with clients towards creating effective governance, managing family group relationships and expectations associated with the leadership search, yet providing advice for coping with expansion and the need for attracting family talent.
IT and Telecom
We all know about GCC is making progress in development of smart cities with experts in the market predicting that the number of new smart city greenfield developments in the GCC will double within the next two to three years. This follows the launch of six entirely new, master-planned smart city developments in the GCC over the past decade. Going forward it is expected that the majority of new initiatives will include some element of “smart” infrastructure. The region’s smart projects will largely be driven by developments in the government planning, administration, and operations area, backed by significant GCC government investments in e-government and mobile services. Rapid increase in mobile device based services development in the region is also creating opportunities and fueling smartphone applications firms growth across the Middle East.
Speak to MRI Search consultant to understand how sourcing and attracting the right executive and leadership talent will play a key role in execution of growth strategies in this period.
Hospitality and Real Estate
Optimistic sentiment about local market conditions continues to increase with monthly occupancy levels showing substantial figures. The flexibility and consistent performance in Dubai’s hospitality industry and other sectors has helped to reduce economists’ fears of a economic slowdown in the UAE. In the short term, Dubai seems likely to out-perform in the tourism market.
Speak to MRI Search consultants about the key growth projects and critical delivery functions in the sector and talent availability within market that can directly address skill gaps.
Industrials and Construction
Most Middle East companies have formed close partnerships with Western players (in some cases including equity investments); some of these partnerships aim not only to develop and execute joint projects in the region but also to transfer capabilities. Employee exchange and secondment programs, consulting agreements, and knowledge transfer on functional-excellence topics are all a part of the mix. It is observed that cultural differences and a lack of defined common objectives can handicap such initiatives, but if the transference of skills can be made an explicit part of the partnership agreement, these initiatives can be successful.
Speak with Senior Search Consultants at MRI who are advising large growth initiatives’ leadership boards (Government and Private) in putting together their executive leadership teams through confidential and intelligence led search strategies.
Healthcare and Pharmaceuticals
The GCC’s healthcare market has experienced stable growth in the past years, driven by a growing ageing demographic and increased healthcare expenditure per capita. The rising demand of healthcare services paired with restricted supply of healthcare solutions has resulted in governments across the GCC implementing new technologies, systems of care, and considering further partnerships with international healthcare providers. GCC governments continue to invest to modernize and reform its healthcare systems, as well as promote economic diversification in the region.
MRI search consultants can talk more about existing opportunities for the healthcare industry as an engine of growth for GCC economies.
Banking and Financial Services
Financial services organizations are striving to grow and enhance shareholder value. The winners are the companies that can create opportunities to build stronger customer relationships; improve process efficiency; unlock talent; use improved risk management processes to deliver more sustainable returns; and use new regulatory demands for strengthening the business and enhancing market confidence.
MRI senior consultants can speak volumes of their experience in putting together senior leadership teams for such winner firms in Middle East.
Consumer and Retail
The consumer products industry — including fast-moving consumer goods (FMCG), consumer electronics, luxury goods, and packaged food products — is evolving rapidly in the Middle East and Africa. Regulatory liberalization, changes in the competitive environment, shifting consumer lifestyles and channel structures are creating opportunities as well as challenges for consumer manufacturers, distributors, and retailers.
MRI senior consultants can talk more about what makes their search process so agile and effective that tier one businesses in the region choose to call them first when confronted with some of most critical and time sensitive hiring challenges.