Investors

A crisis of confidence

The economic crisis has eaten into short-term prospects for private equity in the MENA region, with many GPs putting investment activity on hold. But confidence in the region has merely been dimmed, not extinguished. Jenny Blinch reports.

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Having witnessed the economic crisis wreak havoc in the US and Europe, GPs in the Middle East and North Africa (MENA) are nowtrying to gauge its impact on their home turf.

“One has to think about how the credit crisis will unravel in the region – will there be any of the spectacular failures that we've seen in the US and Europe? These are things that are unknown and will have a direct impact on our industry,” says one Dubai based GP, who asked not to be named.