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Article: Private equity targets Middle East offshore marine
- Article from:
- Al Bawaba
- Article date:
- April 28, 2008
CopyrightCopyright 2008 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Private equity targets Middle East offshore marine
Regional and worldwide suppliers to showcase products and
services at Middle East Workboats 2008, the region's only dedicated
event of its kind.
Driven by the strong demand for offshore service vessels across
the oil and gas sector and for land reclamation projects in the
Middle East, private equity funds and firms are turning their
attention to the region's workboats industry, according to a leading
financial expert.
With deals in other parts of the world drying up because of the
credit crunch, the Middle East offshore marine market is seeing the
introduction of significant private equity investment and is likely
to see "a wave of ...