As the top dogs of private equity gather in Dubai next week for one of the industry's biggest events, the priority will be raising and retaining money from investors in the Middle East rather than spending it in the region.
Just three investments have been made in the Middle East by private equity firms from outside the region so far this year, according to data from Thomson Reuters, and the aggregate value of those is negligible.
That's a stark contrast from the previous four years when there was a total $4.8 billion invested.
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