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Article: Abraaj sees growth opportunites, opens Saudi Office.
- Article from:
- CPI Financial
- Article date:
- May 31, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: news@cpifinancial.net (Staff Writer)
"The opportunities to invest in Saudi Arabia are immense given the kingdom's position in the MENA region and its relative insulation from the global economic downturn," said Arif Naqvi, Abraaj's Founder and Chief Executive Officer. "Whether in transportation, logistics, food, healthcare or education, demand is growing and under-served in terms of existing supply, driven by population expansion and fresh government policies that encourage private investment."
Abraaj, which last year distributed $ 1.6 billion to investors, is no stranger to Saudi Arabia. Its chairman is Sheikh Abdulrahman Ali al-Turki, one of ...