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ME PoV Fall 2014 issue
Joint ventures (JV) can be an efficient mechanism for participating partners to realize synergies when it comes to sharing large-scale investments, gaining access to technologies, entering new markets, or strengthening market position in general.
However, creating a joint venture can be a complex process that is not without pitfalls and risks. Given that JV establishment is likely to be an essential driver of growth in the Middle East, this article considers why this is a favored strategy and how adopting a number of best practice principles can maximize the chance of a successful outcome.