"Abraaj Group, the Dubai-based private equity firm with $7.5 billion in assets, is among Gulf investors targeting acquisitions in North Africa as a surging population boosts demand for products from health care to food and banking.
Abraaj plans to raise as much as $250 million for a second North Africa fund after fully investing its first, Ahmed Badreldin, the firm’s head of the Middle East and North Africa, said in an interview. Majid Al Futtaim Holding LLC, a Dubai-based owner and operator of malls and hypermarkets, is buying the Metro supermarket chain in Egypt and is also building a mall outside Cairo, Chief Executive Officer Iyad Malas said."
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