Private equity firms in Arabian Gulf eye Egypt acquisitions | The National

Private equity firms in Arabian Gulf eye Egypt acquisitions | The National:

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An aerial view of Cairo. The most populous country in North Africa, Egypt was rocked by civil uprisings in January 2011 that toppled the president Hosni Mubarak after three decades of authoritarian rule. iStockphoto
 

Private equity firms in the Arabian Gulf are targeting acquisitions in Egypt as opportunities created by that country’s fast-expanding middle class overcomes security fears.

Abu Dhabi-based Gulf Capital, which manages assets exceeding US$2.5 billion, said it was eyeing purchases in Egypt.

“There is a huge middle class that is bigger than the middle class of Saudi Arabia and the United Arab Emirates combined, and it’s growing,” said Karim El Solh, the chief executive of Gulf Capital."

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