The Chinese Investment Corporation (CIC) is in talks to support an investment fund valued at 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 sources, CIC is collaborating with Investcorp Holdings, a Bahrain-based company, on their pre-IPO fund that targets the Gulf region. The partnership with Investcorp is part of CIC’s strategy to explore more investment opportunities in the Middle East.
The investments by CIC and other major sovereign wealth funds in Abu Dhabi and Saudi Arabia have prompted Investcorp to increase the fund’s size from the initial target of $500 million. Additionally, the fund’s focus is expected to expand to encompass investments across the Middle East, Africa, and Asia.
This collaboration 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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