Saudi Arabia remains an attractive investor destination, says Investcorp

Saudi Arabia remains an attractive destination for investors despite the anti-corruption crackdown launched in November, Bloomberg reported, citing a senior Investcorp Bank executive.

“Saudi Arabia is still a big market in terms of fundraising and investing,” Hazem Ben-Gacem, head of the Bahrain-based firm’s European private equity business, said on the sidelines of the World Economic Forum in Davos on Saturday.

Investcorp aims to raise $750 million through its Gulf healthcare fund, which may invest in Saudi-based eye-care specialists, Magrabi Hospitals & Centers.

It also plans to launch a $400 million Gulf technology fund by summer, Ben-Gacem said.