Gulf firms and state-backed investors, flush with petrodollars and facing limited growth options at home, are stepping into emerging markets in Africa and Asia to get a foothold in key sectors such as banking and telecommunications.
Investors from the Gulf have for years put their oil wealth into developed markets in the United States, Europe and Japan. The consistent focus on less developed countries is new, and may have big implications for the economies receiving the money………………………………………..Full Article: Source