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Temasek Holdings, a state-owned investment firm with a net portfolio of about $400 billion, plans to expand into the Middle East by establishing offices in the United Arab Emirates (UAE) and Saudi Arabia. The firm, which already has a global network of 15 offices in 11 countries, aims to open strategic hubs in Abu Dhabi and Riyadh, set to be inaugurated in 2027 with local authority approval.

These new offices in Abu Dhabi and Riyadh are expected to serve as vital hubs for Temasek and its portfolio companies, facilitating engagement with companies in Qatar and other regional markets. By actively pursuing partnership and investment opportunities, Temasek seeks to capitalize on the region's attractive long-term fundamentals and robust economic transformation.

Despite the negative effects of the Iran war on the region, international financial firms are still setting up operational bases. The UAE, in particular, remains a magnet for the ultra-wealthy, who are unmindful of the war disruptions. The UAE economy grew by 3% in the first quarter of 2026, even amid the regional conflict, according to government data released in August.

Temasek's chief executive Dilhan Sandrasegara emphasized the significance of the Middle East in the firm's global network, citing the region's remarkable economic momentum and favorable long-term prospects. Chia Hwee, CEO of Temasek Global Investments and chairman for the Middle East and Africa, highlighted how being on the ground in the Middle East will strengthen engagement with partners and enhance access to investment opportunities for Temasek and its portfolio companies, extending to Central Asia and Africa.