(MENAFN) Ernst & Young's MENA Head of Transaction Advisory Services, Phil Gandier, stated that Saudi Arabia is expected to become the most attractive private equity (PE) destination in the Middle East and North Africa (MENA) region, reported Qatar News Agency.
Gandier said the government's initiatives and the country's relaxed foreign ownership standards raise the probability of attracting higher volumes of PE capital.
He added that in 2012's first quarter; over 20 deals were closed in the MENA region, with the number expected to grow notably in the near future.
It is worth noting that besides Saudi Arabia; Egypt, Tunisia, Morocco and the UAE are viewed as attractive places for investments.
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