Abraaj Capital will start investing its $2bn (Dh7.3bn) funds next year as opposed to its original intention of deploying them this year.
The region's largest private equity firm, which has been on a "wait and see" mode up until now, is already on "advanced stages" of talks with a number of firms in the region and is expecting some concrete investment deals in 2010, Executive Director Naranayan Rajagopalan said yesterday.
"At this point in time, I would rather not talk which sectors we are looking at as some of them are on very advanced stages right now," he told Emirates Business.
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