The Chinese Investment Corporation (CIC) is in talks to support an investment fund worth approximately $800 million. This fund will focus on acquiring stakes in companies in the Middle East, indicating a growing trade relationship between the Gulf states and China. According to anonymous sources, the partnership with Investcorp Holdings, a Bahrain-based company, is part of CIC’s strategy to explore more investment opportunities in the Middle East.
In addition to CIC’s investment, 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 beyond the Gulf region and encompass investments across Africa, Asia and the Middle East.
This collaboration signifies a deepening relationship between China and the Gulf states, which 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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