Singapore’s Temasek pushes deeper into Middle East with Riyadh, Abu Dhabi offices
SINGAPORE, Oct 2 — Singapore's state-owned investment company Temasek plans to deepen its presence in West Asi...
Singapore's state-owned investment company, Temasek, is expanding its presence in the Middle East by opening offices in Riyadh, Saudi Arabia, and Abu Dhabi, United Arab Emirates. The company aims to capitalize on investment and partnership opportunities in the region. The planned offices are anticipated to become operational in the first half of 2027, pending regulatory clearances. Temasek announced this move in a statement on Wednesday, with Xinhua reporting on the news.
The company plans to broaden its engagement with institutions in Qatar and additional Western Asian markets as part of its global expansion. Temasek believes that the Middle East's economic transformation, guided by national development and diversification strategies, holds substantial long-term prospects for the company and its portfolio firms.
Moreover, this expansion will provide access to potential opportunities in Central Asia and Africa. With the new offices in Riyadh and Abu Dhabi, Temasek's global network will grow to 15 offices across 11 countries by 2027.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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