Mideast merger and acquisition activity hits $36B in 2024 led by UAE, Saudi Arabia
For the first 10 months of the year, merger and acquisition deals in the region reached $36 billion, up by 88% from a year earlier, a Bain & Company report said.
Merger and acquisition activity among companies in the Middle East has nearly doubled so far this year, mainly driven by deals focused on the United Arab Emirates and Saudi Arabia.
Deals totaled $36 billion in the first 10 months of the year, an 88% increase compared to the same period last year, according to a report released Tuesday by consultancy firm Bain & Company.
“The Middle East’s exceptional [merger and acquisition] growth underscores the region’s transformation into a global investment powerhouse,” Gregory Garnier, Middle East head of Bain’s Private Equity and Sovereign Wealth Fund practices, said in the report.
The surge in Emirati and Saudi deals was attributed to increased investments by the countries' sovereign wealth funds and government-backed entities, according to the consultancy firm.
