Dubai: The Ministry of Economy Sunday revealed that there were 131 private equity firms, with a capital of Dh126 billion, operating in the UAE at the end of 2009.
Figures released by the Ministry of Economy show that the companies had a paid-up capital of Dh116 billion at the end of 2009.
According to the report, six companies increased their capital by 25 per cent in 2009 to Dh599 million.
A total of 69 companies with a paid-up capital of Dh19 billion were operating across various sectors in Abu Dhabi, while Dubai registered 47 companies whose total paid-up capital was Dh97 billion.
In Sharjah, the report recognised seven companies with a total paid-up capital of Dh1.3 billion, one real estate company in Ajman with a paid-up capital of Dh35 million, three in Ras Al Khaimah with a paid-up capital of Dh14 million, and four companies in Al Fujairah with paid-up capital of Dh39 million.
Hamed Bin Butti Al Muhairi, executive director of the Commercial Affairs Sector at the Ministry of Economy, said: "These figures are both highly encouraging and highly valuable to the investors, the industries and the individuals who live and work in the UAE."
"Once again, we can see that there is enormous support across the country and the private sector is playing a vital role in that," he said.
"There is a lot of confidence in the UAE economy and each time we see these results, it becomes clear that trend is growing," Al Muhairi added.
