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Gulf Capital makes $27m investment in contract staffing fir

 
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Kirk
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PostPosted: Tue Feb 21, 2012 7:06 am    Post subject: Gulf Capital makes $27m investment in contract staffing fir Reply with quote

Abu Dhabi-based private-equity firm, Gulf Capital is planning to invest up to Dhs100m ($27.2m) in contract staffing firm. Reach Group, as it bets on surging demand for outsourced workers in the emirate, The National has reported. "This investment is a strong bet on the future of outsourced business solutions in the region, primarily at the government level," said Karim El Solh, the chief executive of Gulf Capital. The cash will help to fund Reach Group's aim to double its business over the next five years.

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