Al-Khudairy’s second forecast was some “bifurcation of private investing,” followed by private infrastructure. He said China is one of the top two or three relationships globally for Saudi Arabia, despite the few Chinese investments seen in the Kingdom. While many experts say that private equity is enjoying a “golden era” in the West, the same cannot be said about the Middle East. Al-Khudairy noted that as a part of the final allocation, 23 percent went to non-Saudi entities and 37 percent went to institutional investors in Saudi Arabia. Attracting Western capital is the second challenge, whether from the US, Western Europe or even Asia, which Rubenstein said is linked to public perceptions about the MENA region.

Source: Libya Today December 11, 2019 19:52 UTC