Solid long-term macro fundamentals combined with short- and medium-term constraints on sovereign balance sheets will together create substantial opportunities for private equity investors across the Middle East and North Africa in the coming period, a top regional private equity leader told an industry gathering today.
"While the MENA region's risk profile may seem higher today than it was before the Arab Spring, we remain convinced that the emergence of true participatory democracies will be net positives for the region," said Citadel Capital Co-Founder and Managing Director Hisham El-Khazindar. "Indeed, we are cautiously optimistic that Egypt, our center of gravity, is largely on the right track in terms of a political transition to democracy, even though the nation will likely pass through substantial economic turbulence before all is said and done."
El-Khazindar was speaking on a panel titled 'The Arab Spring and investment opportunities,' the first session at today's PEI Capital Connect MENA 2012 in Dubai.
No comments:
Post a Comment