Easily one of the most recognisable family names on the planet, the Bin Ladens also have a compelling position from which to assess prospects in the Middle East and North Africa (MENA).
While the black sheep of the family might have a unique ability to influence the global macroeconomic mood, the 'other' Bin Ladens boast an intimate knowledge of their immediate sphere of influence. Aside from the family connections with Saudi Arabia, Syria and the Lebanon, the group runs one of the biggest construction firms in the region.
Forum delegate Rod Ringrow - a senior vice president at State Street and responsible for the bank's activities in the Middle East and Africa - has revealed the family considers the only real investment opportunities in the space are Syria and Libya. Everywhere else in the region has "maxed out," they believe.
He also notes that family is wrestling with the challenge posed by the growing dominance of Middle Eastern sovereign wealth funds that are urgently looking to deploy their assets outside domestic markets.
Tuesday, July 1, 2008
MENA MAXED OUT
Labels:
bin laden,
construction,
fund forum,
lybia,
saudi arabia,
state street,
syria
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