“The economy has matured a lot compared to 10, 20 years ago. One of the lessons learned from 2009, is that limited regulation didn’t provide international investors with sufficient comfort, therefore limiting capital flows. Not anymore.”
-Saeed Jaffar, Middle East head for New York-based Alvarez & Marshall, one of a number of large restructuring firms boosting their presence in the Gulf region in anticipation of turnaround work required by economic hardships caused by the Covid-19 pandemic. [Yahoo Finance via Bloomberg]
