Dubai-based Private Equity firm Abraaj is in the process of being broken up after it's recent "spectacular collapse".

This article in the FT (requires a subscription) looks into what this says about management and governance in the region.

Here at GatedTalent, we have a number of clients who operate in the Gulf, and a significant pool of executive members right across the region - the Emirates is ranked 19th in terms of numbers of our executive membership. We also have a number of senior executives in other parts of the world who have expressed an interest in relocating to that part of the world.  

There's no question that the leadership is available - the question is if the business owners wish to take advantage of it!