Private Equity in Gulf Untapped
The Gulf's private equity market remains underdeveloped, according to a report by Ithmar Capital and Dow Jones. The report, titled 'The Impact of Private Equity on the GCC', says the private equity market in the GCC reached $10bn in 2006, just under a third of the $33.2bn raised across emerging markets in Asia, Eastern Europe, Latin America and the Mena region. But the report predicts private equity will grow as a result of rapid economic growth, high liquidity, high fiscal and trade surpluses and interest from internationals looking to hedge investments.
end post (ameinfo.com)
posted by bizzwhizz at 8:30 PM
2 Comments:
private equity often becomes bank bone of thriving entrepreneurial economies, lets hope this develops as a disciplined industry in the Middle East
Yes this is very true and i think it is a challenge for the young entrepreneurs to make sure they get to the funds before they land up in foreign stock exchanges and banks
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