The number and value of private capital deals made in the first half of the year in the Mena region have both risen thanks to the growing use of digital platforms and the additional assets of sovereign wealth funds.
According to data provided by the Global Private Capital Association in its ‘2022 Mena Data Insight’ report, the number of deals conducted in H1 was 214.
This was more than four times as much as the 48 transactions made in the same period in 2018.
It is a similar story in terms of the value of these deals, which reached US$19 billion, significantly higher than the $5.2 billion invested in the first half of 2018.
The report cites the role of sovereign wealth funds, which have seen their assets boosted by the demand for energy and have looked to invest in tech companies and startups in the region.
The report also notes that since 2020, healthcare and pharmaceuticals have accounted for 31% of overall private capital deal volume.
Egypt was the most active in terms of venture capital deals, accounting for 26% of the deals and around 44% of the capital raised. The three most significant funds in Egypt have raised as much as $468 million this year.
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