Abdullah Al-Zahrani, the former deputy director general at the World Bank and current chairman of Al Rayyan Group, has defended his company's decision to invest in the Middle East.
In a recent interview with The Daily Star, Al Zahrani said that the investment was made for strategic reasons, noting that it was part of the company's strategy to diversify its portfolio and expand into new markets.
He added that the Middle East had become one of the most attractive regions for investors due to its growing population, rising living standards, and strong economy.
Al Zahrani also highlighted the importance of investing in emerging markets as a way to gain access to untapped resources and opportunities. He said that the Middle East had many potential areas of growth, including renewable energy, agriculture, and healthcare.
However, Al Zahrani acknowledged that there were some risks involved when investing in such regions, including political instability, corruption, and lack of infrastructure. He suggested that companies should carefully evaluate their investments before making them.
Overall, Al Zahrani's comments suggest that the Middle East remains a promising region for investment, but there are still some challenges to be overcome before investors can fully realize their potential.