News tagged "Mena"

​NBK Capital Partners announces successful first closing of real estate fund

​NBK Capital Partners announces successful first closing of real estate fund

7th February 2018

According to *Tradearabia news report, NBK Capital Partners, an alternative investments firm that leads flexible growth capital investments in mid-sized companies in the Middle East, North Africa (Mena) and Turkey, has announced the successful first closing of a real estate fund with $75 million in fund commitments, raised primarily from prominent regional institutions, pension funds, family offices and HNWIs (high net worth individuals).[..]

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BMI: MENA construction sector to expand by 5.8% in 2018

BMI: MENA construction sector to expand by 5.8% in 2018

6th December 2017

According to *Tradearabia news report, the construction sector in the Middle East and North Africa (Mena) region is set to outpace the global growth, expanding by 5.8 per cent in 2018 to hit $225 billion, according to BMI Research, a Fitch group company. [..]

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MENA e-commerce sector 'to grow tenfold' by 2020

MENA e-commerce sector 'to grow tenfold' by 2020

10th April 2017

A pan-Arab government body is preparing to release a five-year strategy it claims will help grow the region’s e-commerce sector from $20 million in 2017 to $200 million beyond 2020, an official told Arabian Business. The Arab Federation of e-Commerce is headquartered in Cairo and comprises representatives from 14 governments across the MENA region. It was set up a year ago to promote and develop the region’s e-commerce sector at a time when emerging online retail patterns are starting to disrupt traditional business models. The 50-page document, set to be unveiled next month, will make a series of recommendations to member states, including the introduction of new laws to help e-commerce outfits grow their businesses, Dr Ali Al Khouri, first deputy chairman of the Arab Federation for e-Commerce, told Arabian Business on Monday. Al Khouri, who is also chairman of the Supreme Committee in Abu Dhabi, said the strategy is expected to bring about positive regulatory change, and that the UAE “would be at the forefront of this change”. E-commerce accounts for only around 0.71 percent of the MENA region’s total GDP at present, compared to 3 percent for the rest of the world and as much as 5 percent in some countries such as the US.[..]

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