Swedish company EQT launches its platform in the Middle East, opens an office in Abu Dhabi
The global private markets management company, which manages $389 billion in assets, is expanding its presence in the region with a new office in Abu Dhabi World.
EQT, a global private market investment company that manages $389 billion in assets, announced on Wednesday the launch of its platform in the Middle East, coinciding with the opening of a new office in Abu Dhabi Global Market, Sky News Arabia reported.
The move comes as part of the Swedish company's expansion into emerging markets, as several global asset management institutions seek to strengthen their presence in the Gulf region, which in recent years has seen an increasing influx of international capital and institutional investors.
Abu Dhabi is a growing destination for asset managers
The opening of an office in Abu Dhabi Global is part of a broader trend in the emirate, which has attracted a growing number of global asset management and investment firms seeking to reach regional investors and sovereign capital in the Gulf region.
No further details were disclosed regarding the size of the planned investments via the new platform or the expected number of staff for the new office in Abu Dhabi.
Sources
- "EQT" السويدية تطلق منصة في الشرق الأوسط وتفتح مكتبا بأبوظبي — Sky News Arabia — Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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