Cairo – Mubasher: The GCC countries are likely to see 46 mergers and acquisitions (M&A) in six sectors in 2017, according to a report by Mergermarket.
The telecoms, media and technology (TMT) is projected to achieve the strongest performance in M&A transactions in 2017.
The UAE is expected to be the most active regional market for TMT deals, with 11 transactions expected to be executed.
The energy, mining and utilities sector is likely to see a recovery, with nine potential mergers and acquisitions in the pipeline.
In 2016, the energy, mining and utilities sector sees a decline in M&A transactions from $4.7 billion to $1.4 billion.
Financial services sector is likely to see a rise in the value of M&A transactions, positively affected by the National Bank of Abu Dhabi’s (NBAD) $14.8billion acquisition of UAE-based First Gulf Bank (FGB).
