PRINT THIS PAGE Private Equity in Middle East19/10/2005. Source: Istithmar. David Jackson
Private equity is picking up pace in Middle East, as Arabs prefer to keep their assets home, says David Jackson. Currently, the Middle Eastern private equity market is still relatively small, with approximately USD 250m of funds managed by private equity firms.
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Istithmar is a privately incorporated investment company based in Dubai. It was officially launched by The Corporate Office and The Ports, Customs and Free Zone Corporation (PCFC) in 2003 with investment capital of Dh7.3 billion (US$2 billion). Istithmar aims to develop businesses in various fields, including financial services, real estate, tourism, logistics, manufacturing and retail. For more information visit www.istithmar.ae.
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