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Dubai Investor Amanat Sees Deal Opportunity With Abraaj Collapse

  • Company looking at deals in the healthcare, education sectors
  • Abraaj being restructured after allegations of misused funds
Residential skyscrapers stand in the Dubai Marina district of Dubai, United Arab Emirates, on Friday, June 15, 2018. Since the 1970s, Dubai has invested heavily in construction and infrastructure, creating a global center for finance, real estate and tourism.
Residential skyscrapers stand in the Dubai Marina district of Dubai, United Arab Emirates, on Friday, June 15, 2018. Since the 1970s, Dubai has invested heavily in construction and infrastructure, creating a global center for finance, real estate and tourism.Photographer: Christopher Pike/Bloomberg

Amanat Holdings PJSC is scouting for deals as the investment firm seeks to capitalize on the collapse of Dubai-based Abraaj Group.

“We want to be number one and now is the real opportunity to gain that position,” Managing Director Shamsheer Vayalil said in an interview on Wednesday. “Amanat is well poised to lead the healthcare and education space in the region and abroad in the incumbent era.”