Traditionally viewed as a source of capital, the Middle East is now being seen as a region with promising investment opportunities. And with this, AUM has been rising. Despite a contraction in 2015 and 2016, AUM has increased 52% since the end of 2019. We expect this to increase further, given the dramatic rise in oil and gas prices.
It's been nearly two years since Preqin opened an office in Dubai. Being on the ground has transformed our data collection and brought us closer to the region's LPs and growing base of GPs, who now make up 33% of our clients.
To find out how the Middle East is benefitting from inflows of international investments and the changing role of private capital, read our Preqin Territory Guide: Middle East.