The News
Global investment giant KKR is ramping up its presence in the region, appointing former US General and CIA Director David Petraeus as Chairman of KKR Middle East and forming a dedicated regional investment team.
The firm has offices in Dubai and Riyadh and has been active in the region since 2009. It plans to deploy more capital in the Middle East, encouraged by “structural reforms, pro-investment policies, and favorable demographic trends accelerating economic growth,” according to its co-CEOs.
KKR’s investments in the Gulf include data center operator Gulf Data Hub, ADNOC Oil Pipelines, and a portfolio of commercial planes from Etihad Airways.
The firm sees the Middle East as a region that can’t be “overlooked” due to its low inflation and strong growth, according to a recent report by its global macro analysts.