Dubai-based Abraaj Capital expects to invest $2 billion in 2011 and 2012, and the private equity firm is eyeing a number of deals this year, its top executive said, signalling a revival for the battered industry.
"We have a fund which is worth $2 billion dollars, and we are looking to deploy most of it this year and next year," Arif Naqvi, Abraaj's chief executive officer, told reporters on the sidelines of an investment conference in Riyadh on Sunday.
The private equity firm expects to complete several deals during the year.
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