“Don’t be afraid of the Middle East.” That, in short, is the message of private equity investor Mustafa Abdel-Wadood at the World Economic Forum in Davos this week.
“Despite the headlines, there are a lot opportunities in the region,” Abdel-Wadood, whose Abraaj Group has $7.5bn EM assets under management, told beyondbrics. “It comes with challenges, and the perception may not always be positive, but our investments have done well.”
The Abraaj group itself doesn’t just talk the talk. In 2013, Abdel-Wadood said the Abraaj Group would continue to invest in emerging markets all over the world, with possible acquisitions in sub-Saharan Africa, the Andean region and Asia. But a region in which the former Young Global Leader is specifically eyeing investments is the troubled Middle Eastern and northern Africa.
Davos 2013: Abraaj looks forward to an Arab Summer | beyondbrics
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