Singapore's Temasek to enter Middle East with offices in UAE and Saudi Arabia
Singapore's Temasek Holdings plans to enter the Middle East by setting up offices in the UAE and Saudi Arabia , as it seeks to tap into the region's investment scene that has largely defied the negative effects of the Iran war. The state-owned investment firm, which has a net portfolio of about $400 billion, plans to open offices in Abu Dhabi and Riyadh, which will serve as "strategic hubs" for…
Temasek Holdings, Singapore's state-owned investment firm with a net portfolio of about $400 billion, plans to expand its presence in the Middle East by setting up offices in the UAE and Saudi Arabia. The strategic hubs in Abu Dhabi and Riyadh are expected to be inaugurated in 2027, pending local authorities' approval. This move aims to tap into the region's investment scene that has largely defied the negative effects of the Iran war.
Temasek's CEO, Dilhan Sandrasegara, highlighted the region's remarkable economic transformation and highly attractive long-term fundamentals. The UAE's openness to international financial firms and its status as a magnet for the ultra-wealthy further bolster Temasek's decision to establish a presence in the region.
Brief written by urgent.news from The National Business's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Middle East flights: Air Canada, Air France and Cathay Pacific extend suspensions thenationalnews.com
- Oil steadies as Middle East supply rebounds thearabianpost.com
- JPMorgan and Goldman see Middle East oil flows near pre-war levels businesstimes.com.sg
- Middle East Council on Global Affairs, French Institute in Qatar sign MoU to expand cooperation in research thepeninsulaqatar.com
- Oil prices climb as Middle East tensions escalate english.ajel.sa
