Middle East Economic Survey

VOL. XLIX

No 51

18-Dec-2006

GCC

Energy Private Equity Moves Forward As GCC Fund Makes First Acquisitions

GCC Energy Fund CEO 'Adil Toubia tells Melanie Lovatt about the firms current and future plans and the possible challenges along the way.

Development of the regions fledgling energy private equity sector moved forward recently when the GCC Energy Fund unveiled its first two acquisitions. The fund, set up in 2005 and managed from Dubai, announced last week that it had...