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GrowthGate eyeing further Mideast investment opportunities
- Middle East: Saturday, January 05 - 2013 at 05:13
Dubai-based private-equity firm GrowthGate Capital Corp has said it may invest an additional $200m in businesses in the Middle East that weren't hurt by the turmoil of the Arab Spring as difficulties raising funds abate, Bloomberg has reported. "The markets that we like the most, the Gulf Cooperation Council, plus Jordan and Morocco, have gained more prominence after the Arab Spring and we think that they hold the most promise for private equity," said Karim Souaid, managing partner of GrowthGate. "The private-equity ecosystem in these countries is at its best, and that's political stability, economic prospects, middle class, demographics, purchasing power and rule of law."
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