Sovereign wealth funds and family offices should take equity stakes in local companies to help kickstart planned projects worth US$750 billion across the Gulf, according to a senior Calyon banker.
“The use of excess liquidity by SWFs in the region ... needs to be encouraged more, that will drive more inward investment,” said Albert Momdjian, who heads Calyon’s investment banking in the Middle East and Africa.
Calyon, the investment banking arm of Crédit Agricole, considered “petrodollar recycling” one of its main pillars of growth.
No comments:
Post a Comment