Middle East to Lure $4.1 Trillion in Investments
About $4.1 trillion is available in the Middle East economies for potential investment, says a report. This makes the Arab world one of the most valuable sources of investment capital in the world, the Gulf News report said quoting from the Hedge Fund Research.
Arab capital repatriated from the West following 9/11 has pushed up regional liquidity that, coupled with high oil prices, helped the region's economies to remain buoyant, it said.
The hedge fund industry saw record inflows of more than $60 billion during the first quarter of 2007, bringing total assets under management to $1.568 trillion, according to data released by the Hedge Fund Research (HFR), the leading source of hedge fund information and performance data.
Ken Heinz, president of HFR, said: "The Middle East is an interesting and fertile region for hedge fund investing, both as a source of potential capital and a focus of investment."
Arab capital repatriated from the West following 9/11 has pushed up regional liquidity that, coupled with high oil prices, helped the region's economies to remain buoyant, it said.
The hedge fund industry saw record inflows of more than $60 billion during the first quarter of 2007, bringing total assets under management to $1.568 trillion, according to data released by the Hedge Fund Research (HFR), the leading source of hedge fund information and performance data.
Ken Heinz, president of HFR, said: "The Middle East is an interesting and fertile region for hedge fund investing, both as a source of potential capital and a focus of investment."
Labels: Investment
posted by bizzwhizz at 6:37 PM
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