Mideast investment prospects 'promising'
Manama, January 28, 2014
The prospect of stability in Egypt and resolution of the crisis in Turkey should provide the necessary confidence boost for the investor community interested in the Mena region, said an expert.
According to Lagoon Capital advisory board member, Central Bank of Turkey's former governor and adviser to the former Prime Minister of Turkey Bulent Gultekin, these are sizable economies with close ties to the GCC and their stability and continued prosperity is a shared objective, reported the Gulf Daily News, our sister publication.
"While geopolitical events and shifting alliances have affected currencies and investor confidence, the medium-term prospects remain promising," he stated.
Gultekin said this during an investor roundtable forum on navigating change in Mena markets. The event was hosted by Dubai-based Lagoon Capital, a private equity and advisory firm.
A group of 50 institutional investors from Qatar, took part in the forum held in Doha.
Also discussed were prospects for private equity in Mena countries and the need for further development of regional secondary private equity market.
Lagoon Capital, together with its strategic partner, HarbourVest, a global institution focused on secondary private equity investing, is focused on providing liquidity solutions to regional investors on their existing private equity investment portfolios via secondary transactions.
"With a promising outlook, we see continued opportunity for growth in regional private equity and, in particular, secondary transactions," Lagoon Capital chief executive Anuj Khanna said.
"These are efficient ways for investors to reposition their portfolios, a focus for many today, and an opportunity to reallocate capital towards new priorities in the year ahead."
Other advisory board members of the firm also took part in the event.
These include former US Ambassador to Qatar Joseph LeBaron, Kanoo Group's Tarek Kanoo, Pension Corporation board member Tracy Blackwell and Qatar Insurance Company deputy chief executive Sunil Talwar.-TradeArabia News Service