Hong Kong entrepreneurs with operations in the Middle East are recalibrating their global footprints to hedge against mounting geopolitical instability and losses resulting from the widening conflict in Iran.
The shift in business strategy followed the outbreak of the US-Israel war with Iran last week, prompting firms to draw up contingency plans by pivoting to Europe or Southeast Asia to de-risk their portfolios and ensure supply chain continuity.
The war escalated with Iran’s retaliation,…