The Chinese Investment Corporation (CIC) is in discussions to support an investment fund valued at approximately $800 million, which will focus on acquiring stakes in companies in the Middle East. This reflects the growing trade relations between China and the Gulf states, as well as China’s position as the world’s second-largest economy.
Sources close to the matter have revealed that CIC is collaborating with Investcorp Holdings to invest in a pre-IPO fund based in Bahrain. The sources suggest that an announcement regarding CIC’s investments in the fund, along with investments from other major sovereign wealth funds in Abu Dhabi and Saudi Arabia, could be made as early as this month.
This partnership with Investcorp is part of CIC’s broader strategy to explore more opportunities in the Middle East. The significant investments from CIC and other sovereign funds have led Investcorp to increase the fund’s size from its initial target of $500 million. Furthermore, the company intends to broaden the fund’s scope to include investments across the Middle East, Africa, and Asia.
In addition to business news, various forums related to travel, escort services, and automotive discussions were also mentioned in recent content. These forums cover a wide range of subjects and interests for individuals to engage and exchange information on relevant topics.
