The Chinese Investment Corporation (CIC) is in talks to support an investment fund worth around $800 million, which will focus on acquiring stakes in companies in the Middle East. This news indicates that there is a growing trade relationship between China and the Gulf states. According to anonymous sources, CIC’s partnership with Bahrain-based Investcorp Holdings is part of its strategy to explore more investment opportunities in the region.
The fund’s size has increased from its initial target of $500 million due to investments by CIC and other major sovereign wealth funds in Abu Dhabi and Saudi Arabia. The fund’s focus is expected to expand beyond just the Gulf region and include investments across Africa, Asia, and the Middle East. This suggests that CIC sees great potential for growth in these regions.
This collaboration between CIC and Investcorp signifies a deepening relationship between China and the Gulf states. It could 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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