China Investment Corp. reportedly discusses backing Investcorp Holdings' $800M Middle East fund, signifying growing ties between Gulf oil exporters and China.
China's sovereign wealth fund, China Investment Corp., is reportedly in talks to back Investcorp Holdings' $800 million Middle East investment fund, highlighting the growing trade ties between Gulf oil exporters and China. This partnership with Investcorp is part of CIC's plan to explore more deals in the Middle East. The investment from CIC, along with other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced soon.
April 05, 2024
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