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April 29, 2009

Iraq, investors... Pipes.

FT.com / Middle East - Investors eye opportunity in Iraq

“What is risky these days? If you think about the people who were investing in AAA guaranteed paper only a few years ago, the concept of risk has changed fundamentally,” says Richard Blakesley, managing director of Fairfax, a London private equity fund planning to invest as much as $200m (€153m, £136m) in Iraq this year. With its eye on plastic pipes, concrete, asphalt and food production businesses – all areas where Iraq needs investment for import substitution – Fairfax plans to increase its Iraq fund to $1bn.

Aghhhhhhhhhhhhhhhhhhhhh. My beautiful pipes.

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Posted by The Lounsbury at April 29, 2009 12:30 AM
Filed Under: Biz - Private in MENA , Iraq , Perso Biz Notes

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Posted by: илья at April 29, 2009 06:12 AM

Posted by: Shaheen at April 30, 2009 02:24 AM

Posted by: The Lounsbury at May 2, 2009 02:27 AM

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