The Middle East and North Africa’s (Mena) investment climate has seen a dramatic shift in focus among investors, particularly those from oil-rich Gulf nations, a private equity investor said.
More than a year after the renowned Arab Spring revolution nearly overhauled the region’s political scene, local investors have started to look for opportunities within Mena, said Karim Saada, Executive Vice President and Country Head-Egypt of investment firm Amwal AlKhaleej.
He admits that some investors remain wary of short-term risks particularly in unrest-hit countries that are in a period of transition, but he believes that the long-term outlook for the region is promising. Now, after the dust has settled, is actually the best time to cherry-pick assets with good value at reasonable price.
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