Chinese Investment Corporation Partners with Gulf States in $800 Million Investment Fund
The Chinese Investment Corporation (CIC) is in talks to support an investment fund worth around $800 million that will focus on acquiring stakes in companies in the Middle East. This news indicates a growing trade relationship between China and the Gulf states. CIC is collaborating with Investcorp Holdings, a Bahrain-based company, on their pre-IPO fund that targets the Gulf region.
According to anonymous sources, this partnership is part of CIC’s strategy to explore more investment opportunities in the Middle East. Other major sovereign wealth funds have also invested in Abu Dhabi and Saudi Arabia, prompting Investcorp to increase the fund’s size from its initial target of $500 million. The fund’s focus is expected to expand to encompass investments across the Middle East, Africa, and Asia.
This collaboration between CIC and Investcorp signifies a deepening relationship between China and the Gulf states. It may lead to further economic ties and investment opportunities in the region. Stay tuned for potential announcements regarding CIC’s investments in the Middle East and its partnership with Investcorp as they work towards expanding their presence in the region.
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