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KKR today announced that it is expanding its presence in the Middle East including the appointment of General David Petraeus (US Army, Ret.). Image courtesy: KKR
The US-based private equity firm KKR has appointed General David Petraeus, as chairman of its Middle East operations as it looks to ramp up business in the oil-rich region.
KKR, which has been operating in the region since 2009 and has offices in Dubai and Riyadh, is also setting up a dedicated investment team in the region led by Julian Barratt-Due, a managing director at the firm.
Petraeus, former US Army general who was also once the Director of the CIA, and who is a partner at the firm, said the Middle East is emerging as a leading investment powerhouse, adding that KKR sees “growing opportunities” to partner with leading domestic businesses.
(Writing by Brinda Darasha; editing by Seban Scaria)
