:: AN IMPORTANT EVENT
 
Role and Importance of Private Equity and Venture Capital...

EMPOWERING COMPETITIVENESS AND
INNOVATION IN THE GCC…
■ Venture Capital is a private equity investment in start up and growth companies that is normally related to technology or innovative processes often addressing new-to-local market ideas and niches.
■ The need for this industry is paramount at a time when GCC countries are determined to encourage and facilitate innovation and enhance their global competitiveness, and need to diversify their economies and create job opportunities for fast growing populations.
■ Private Equity and venture capital role in financing economic development, innovation and entrepreneurship in the region is a fast growing multi-billion US$ industry.
■ The Kingdoms official policy is to endorse all efforts supporting the promotion of innovation and entrepreneurship via special programs and cooperatives undertakings between the private and public sectors.
■ The industry is playing an ever expanding role in the economic transformation of the region, creating enormous benefits for a wide range of players and stakeholders,
including governments, banks, regulators, investors and family-owned groups,… in particular for pre-IPO readiness and transformation,
and facilitating financing for innovative start-ups…
   
   
 

 
 

 

“Four years ago, there were only one or two major private
equity firms targeting the GCC region. Today there are around 70 firms with over $10 billion raised in 2006 alone”…

— Booze Allen Hamilton

 

 

 

Copyright © 2007 Gulf Venture Capital Association.