Temasek to open Riyadh and Abu Dhabi offices in major Gulf expansion
Some companies in its investment portfolio are also expected to use the new premises, giving them a base from which to pursue growth in Gulf markets.
Temasek Holdings, a Singapore-based state-owned investment firm, is expanding into the Middle East by opening offices in Abu Dhabi and Riyadh. The offices, expected to launch in the first half of 2027, will serve as strategic hubs for Temasek and some of its portfolio companies, which will also co-locate there, according to The Business Times - Singapore and Arabian Business.
The expansion will give Temasek greater access to opportunities in the region, including Central Asia and Africa. According to The National Business, Temasek's global network will grow to 15 offices across 11 countries. The firm plans to engage with companies in Qatar and other regional markets to pursue partnership and investment opportunities.
Temasek's chief executive, Dilhan Sandrasegara or Pillay, cited the region's economic transformation and attractive long-term fundamentals as reasons for the expansion. The firm has built relationships in Saudi Arabia, the UAE, and Qatar over several years through partnerships, co-investments, and its portfolio companies. Temasek has a net portfolio of about $400 billion, The National Business reported.
Brief written by urgent.news from Arabian Business, The National Business, The Business Times - Singapore — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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