Expanding urban populations, decades of neglect and rising national incomes are driving new demands for transport, water, and electric power infrastructure projects in many emerging markets. Countries such as Brazil, India, Indonesia, Kenya, Peru, South Africa and Turkey offer attractive business opportunities for investing. Steven Fox argues that an in-depth understanding of political dynamics and engagement with a broad array of stakeholders is a key to successful investments. He will discuss the importance of managing political positioning, addressing community opposition, and limiting corruption risk. By highlighting the importance of understanding the political dimensions, monitoring and doing targeted intelligence gathering it is possible to assess the potential vulnerabilities of a large scale investment in emerging markets.