The Chinese Investment Corporation (CIC) is currently 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 anonymous 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 investment by CIC and other major sovereign wealth funds in Abu Dhabi and Saudi Arabia has prompted Investcorp to increase the fund’s size from its 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 signifies a deepening relationship between the Gulf states and China. As CIC continues its efforts to expand its presence in the region, it may lead to further economic ties and investment opportunities in the future. Stay tuned for potential announcements regarding CIC’s investments in the Middle East and its partnership with Investcorp as they work towards expanding their influence in this important market.
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