Article at a glance:

How Gulf companies can build global businesses

• Flush with petrodollars, companies based in the Gulf Cooperation Council (GCC) states have embarked on a global shopping spree, looking for strategic investments in neighboring regions and beyond to build global businesses.
• But deep pockets alone will not generate successful long-term expansion strategies.
• In addition to avoiding the common pitfalls that all companies face when moving into new markets, GCC investors must balance their traditional managerial pratices against the needs of a larger transnational organization.