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Article: Private equity crucial for GCC economies.
- Article from:
- Albawaba.com
- Article date:
- June 5, 2008
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Private equity crucial for GCC economies
Special study on impact of PE on Gulf diversification to be revealed at Middle East forum
The growing impact of the multi-billion dollar private equity industry on the economic diversification of the Arabian Gulf is to be the subject of a special study to be released later this month.
The region's private equity houses manage more than $13 billion in more than 70 funds and are playing a significant role in the creation of 47 million extra jobs required in the Middle East and North Africa over the next decade, say the organisers of the second Private Equity Forum to be held in Dubai from 22-26 June 2008.
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