Private equity will be a key driver of post-crisis Middle East economic recovery | ZAWYA MENA Edition
Alternative debt funds will be crucial to supporting funding gaps in Middle East markets – particularly for the small and medium-sized enterprises and mid-market enterprises, which represent a significant part of the region’s non-oil economy, experts said.
Although the level of deal flow in 2020 has been similar to pre-crisis levels, the types of transactions and the reason for them have differed, according to panellists at a recent ICAEW (the Institute of Chartered Accountants in England and Wales) webinar on fast tracking mergers and acquisitions (M&A) in the Middle East.
Discussions centred on how corporate finance is shaping capital raising, driving transactions and supporting business transformation to help economies adapt during and beyond the coronavirus pandemic.
The speakers indicated that the COVID-19 pandemic has impacted deals significantly, and the business environment and willingness of international investors to do business in the region has changed due to uncertainty in the market and recent high-profile scandals.
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