Emerging markets are still viewed as the beacons for growth but one of the rapidly expanding, yet more risky, options to build businesses abroad are the frontier markets.

In a video interview with IBTimes UK, Heyrick Bond Gunning, former Head of Kidnap for Ransom at Kroll who set up DHL in Baghdad after the Gulf War, says that some prime opportunities in the energy sector lie in Iraq.

As a managing director of the Salamanca Group, the merchant bank and operational risk company, Gunning details the opportunities as well as the major hurdles in expanding into frontier markets and warzones.

For the full video interview, check out IBTimes TV or the video at the top right-hand side of this page.