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FinancialNews
06-01-18
Qatar listed among top five for deal activity
(MENAFN) Qatar has been found among the top five countries for deal activity throughout financial year 2016-2017 in the energy and natural resources (ENR) sector, as indicated in a mergers and acquisitions (M&A) report.
The report showed that Qatar's $11.6bn ENR-related deals had placed its fifth in the world with the top four ranks awarded to the US, China, Canada and Russia.
"Mergers and acquisitions are fundamental growth factors for any economy, and for Qatar to be in the top list of global energy mergers is a notable landmark, with QIA's investment in National Grid PLC in UK being an obvious turning point," as explained by Deals Advisory expert at KPMG in Qatar Hady Kotry.
He added "it is still too early to comment on future global energy trends given the volatility that impacts this industry, including the trade-off between investors' appetite towards renewable, safe energy versus higher return on investments, which will be key factors in driving future trends."
MENAFN0601201800450000ID1096316602
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