Martin Lukes, the FT’s fictional business-leader (now sadly deceased), would have loved the Celebration of Entrepreneurship conference being held this week in one of Dubai’s plushest convention centres.
Guests have been discouraged from wearing suits and ties to reflect the “unconventional and energy generating” atmosphere, and invited to attend “passion corners”. Speakers will share inspiring stories in an “informal, highly interactive and unencumbered” setting. But the conference’s faddish presentation belies its serious subject: how can the Arab Gulf help aspiring entrepreneurs?
Currently, the environment for start-ups is tough. Governments are all-powerful, long-established merchant families dominate the private sector, and - paradoxically for such a wealthy region - financing is almost impossible to drum up.
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