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Home arrow Business arrow Abraaj sees investments in Egypt
Abraaj sees investments in Egypt PDF Print E-mail
Written by Egypt News   
Monday, 12 October 2009
Managing director of the Middle East's biggest private equity firm "Abraaj Capital" reported Monday that the firm sees investment opportunities in Saudi Arabia, Egypt and Turkey

Mustafa Abdel-Wadood said at private equity conference Super Return Middle East that the firm could make investments in a range of industries including logistics, transport, consumer businesses and financial services.

"We're looking at opportunities in a lot of sectors... a lot of sectors that we think will benefit from recovery in this region," Abdel-Wadood said.

He said that in the firm's previous fund, it focused on industries that were "fairly counter-cyclical, resilient and defensive", including the healthcare and education sectors.

Abdel-Wadood was generally optimistic about the economy and said the private equity sector had "moved past the pessimistic stage".

"There's general consensus that even if we're not out of the crisis, the worst is behind us in terms of a freefall. At least we've hit somewhat of a bottom," said Abdel-Wadood.

He said Abraaj's sweet spot in terms of investment size was between $150 million and $300 million.

 

 

 

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