Sunday 02, November 2008 by
Global Investment House upbeat on private equity in Saudi Arabia
The geographic focus of regional funds is changing and becoming more diverse as mandates and operations broaden to include other regions with many regional players opening offices in regions like Saudi Arabia, Turkey, Egypt and North Africa region, according to a report by Kuwait-based Global Investment House. Egypt emerged as the preferred destination for investment in the MENA region, with $2.4 billion being invested in the last decade. The higher level of investments in the past 10 years is mainly due to two investments of more than $500 million each, carried out in 2006 and 2007 and accounted for 82 per cent of the total Egyptian investments.
