Middle East’s largest PE firm wagers on Turkey despite political chaos

Dubai-based Abraaq Group, the largest private equity firm in the Middle East according to Private Equity International, is planning to ramp up investment in Turkey following a failed coup in an effort to profit from any potential rebounds. The firm already has a $526 million fund dedicated to Turkey and seven investments, which Abraaq’s head says will no be exited any time soon. Abraaq, one of the largest investors in emerging markets, manages approximately $9.5 billion in assets, their website says.

The move provides yet another example of how Gulf investors are less adverse to political volatility in Arab nations compared to their Western counterparts. In Egypt, where similar political turmoil has been ongoing for years, investment from the Gulf continues to flood in.