Franco-Saudi relations have been bolstered by the signing of a US$10 billion MoU between #France's state-owned investor Bpifrance and #Saudi Arabia’s Public Investment Fund (PIF). The deal marks a convergence of interests between the two parties: Riyadh's desire for inbound capital to boost its #Vision2030 objectives and Paris' promotion of bilateral relations to advance French business interests abroad, particularly startups looking for growth markets. Global SWF examines PIF's slew of multi-billion dollar MoUs to encourage inbound capital as well as Bpifrance's growing relations with #GCC SWFs as it promotes French interests abroad: https://lnkd.in/eZeZAUmZ
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JUST ANNOUNCED: IFC - International Finance Corporation invested €25 million in the first close of Mediterra Capital Partners III, a private equity fund managed by Mediterra Capital Private Equity that will invest in lower mid-market companies in #Türkiye. The fund will help increase access to funding for local companies, while also promoting the competitiveness of Türkiye's private equity ecosystem. Read more about the fund here: https://lnkd.in/giYDvah4 IFC Europe #PE #PrivateEquity #Türkiye #PEfunds #IFCfunds
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The China Investment Corporation (CIC) is reportedly in dialogue with Bahrain-based Investcorp to potentially back a US$800 million investment vehicle that will back pre-IPO Middle Eastern companies. Saudi Arabia’s Public Investment Fund (PIF) and at least one of Abu Dhabi’s three sovereign wealth funds are expected to back the fund, with a deal expected this month. The investment would help deepen relations between China and the Gulf region as Western investors, including North American and European public pension funds, have shied away amid tensions between Beijing and Washington. Global SWF analysis finds that Chinese assets represent between 2% and 5% of their Gulf sovereign wealth fund portfolios, and CIC is looking to match that level of allocation to the Arab Gulf states. Global SWF takes a closer look at Investcorp's role in closer Sino-Gulf relations: https://lnkd.in/eBgbxnED
Investcorp: A Nexus of China-Gulf Economic Relations (GlobalSWF)
globalswf.com
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Institutional and private investors from GCC will also participate
Investcorp, China Investment Corporation set up $1bln platform to invest in GCC, China
zawya.com
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🌍 Big Announcement Tomorrow! 🌍 We’re thrilled to reveal that the first strategic investment of ewpartners' Fund II has been selected as a flagship project for the 8th Future Investment Initiative ( FII Institute )—the Middle East’s premier forum where global leaders redefine the future of investment and innovation. This project, focused on delivering advanced digital solutions for the global supply chain, will support growing demand as industries expand internationally. It’s a key part of ewpartners' "tech empowerment + regional expansion" strategy, dedicated to strengthening digital infrastructure across the MENA region. The announcement will take place tomorrow, October 31, at 12:50 PM during FII8, where more than 7,000 global business and investment leaders are converging in Riyadh to explore "Infinite Horizons: Investing Today, Shaping Tomorrow." ewpartners Fund II manages capital on behalf of major sovereign wealth funds, including Saudi Arabia’s Public Investment Fund (PIF) and the Oman Investment Authority (OIA). Stay tuned as ewpartners paves the way for new growth in global supply chains and digital innovation! #FII8 #ewpartners #DigitalTransformation
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✅ The Economic and Investment Plan (EIP) for the Western Balkans puts the spotlight on supporting start-ups and small to medium-sized businesses, with the focus on innovation and green growth. How do we make it happen? 🔄 Together, through blending grants and loans, and bolstering guarantees via the Western Balkans Guarantee Facility (EFSD+), we're paving the way for thriving, forward-thinking business ecosystems. 👇 https://lnkd.in/dFpiAUVN EU Neighborhood & Enlargement European Investment Bank (EIB) EBRD KfW IFC - International Finance Corporation European Investment Fund (EIF) CDP Cassa Depositi e Prestiti #westernbalkans #Development #Innovation #GreenGrowth
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China's Sovereign Wealth Fund Teams Up with Bahrain's Investcorp for $1 Billion Middle East Investment. 🔹 Key Points: China's sovereign wealth fund partners with Bahrain's Investcorp to establish a $1 billion investment pot aimed at fostering cross-border cooperation. The Investcorp Golden Horizon fund will support companies in Saudi Arabia, the GCC region, and China, focusing on sectors like consumer, healthcare, logistics, and business services. The partnership underscores growing economic ties between the Middle East and China, bolstered by recent initiatives like the local currency swap agreement between SAMA and the People's Bank of China. 🔹 Quotes from Industry Leaders: Bin Qi, Executive VP & CIO at CIC: "We are working closely with Investcorp to strengthen financial and industrial ties between China and GCC countries." Mohammed Al-Ardhi, Executive Chairman of Investcorp: "This commitment by CIC reinforces the trust placed in our global platform and teams." Hazem Ben-Gacem, Co-CEO of Investcorp: "The new fund will facilitate cross-border cooperation and investments between the GCC and China." #InvestmentNews #MiddleEastInvestment #ChinaGCCPartnership #BusinessStrategy #InvestmentOpportunities #FinancialAdvisory #RealEstateInvestment
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China's sovereign wealth fund is in talks to back a roughly $800m investment vehicle that will take stakes in Middle East companies, the latest sign of the growing trade ties between Gulf oil exporters and the world's second-biggest economy. China Investment Corporation is working with Investcorp to put money into the Bahrain-based company's Gulf-focused pre-IPO fund. CIC's investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month. The partnership with Investcorp is part of CIC's plans to look at more deals in the Middle East. The investment by CIC, which manages about $1.3tr, and other sovereign funds has led Investcorp to increase the size of the fund from an initial target of $500m and the company is also planning to broaden the fund's focus to investing across the Middle East and Asia, Bloomberg reported. #Funding #OilandGas #Energy
China's CIC to back Investcorp's $800m Mideast fund.
bloomberg.com
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The $50 billion deal between Saudi Arabia’s Public Investment Fund (PIF) and China marks a significant milestone in global finance, underscoring the growing economic interdependence between the two nations. Here are some key insights: Economic and Strategic Implications 1. Strengthened Bilateral Relations: • The agreement is a strategic move to bolster economic ties and cooperation between Saudi Arabia and China. This can lead to more stable and long-term economic relationships. 2. Sectoral Investment: • The deal spans various sectors, including energy and technology. This diversification can lead to mutual benefits, such as advanced technological innovations and improved energy solutions. 3. Mutual Growth: • The focus on mutual growth highlights a shift from competition to collaboration. Both countries stand to benefit from shared expertise and resources, fostering an environment of shared prosperity. Benefits for Saudi Arabia 1. Economic Growth: • The influx of investment can stimulate economic growth, leading to job creation and increased economic activities. This can also help Saudi Arabia diversify its economy away from oil dependency. 2. Product Innovation: • Access to advanced Chinese technologies and consumer goods can lead to significant product innovation in Saudi Arabia. This can improve the quality of life for Saudi citizens and enhance the country’s global competitiveness. 3. Financial Cooperation: • Enhanced financial cooperation can lead to more robust financial markets in Saudi Arabia, attracting further international investment and fostering economic stability. Benefits for China 1. Market Expansion: • For Chinese entrepreneurs, the deal opens up a rapidly growing consumer market in Saudi Arabia. This can lead to increased sales, market share, and opportunities for business expansion. 2. Trade Enhancement: • Improved trade relations can lead to more efficient supply chains and better access to resources, benefiting Chinese businesses and consumers alike. 3. Innovation and Collaboration: • Collaborative efforts can spur innovation, leading to new products and services that benefit both markets. Joint ventures and partnerships can drive technological advancements and economic growth. Broader Implications 1. Global Finance: • This transformative move can set a precedent for other nations, encouraging more cross-border investments and collaborations. It highlights the importance of global interconnectedness in driving economic growth. 2. Geopolitical Impact: • Strengthened economic ties between Saudi Arabia and China can shift geopolitical dynamics, influencing global trade patterns and alliances. 3. Sustainable Development: • Investments in sectors like energy can lead to more sustainable development practices, benefiting the global community in terms of environmental impact and resource management.
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$50 billion. That’s how much Saudi Arabia’s Public Investment Fund (PIF)’s new deal with China is. A transformative move for global finance. Here’s all you need to know in under 60 seconds. The PIF has signed numerous agreements with top Chinese financial firms. The goal? To boost economic ties between both countries. To do so, the deal involves spending on various sectors, including energy and technology. Mutual growth at its finest. And there’s more. This groundbreaking agreement will improve financial cooperation, innovation, and trade between Saudi Arabia and China. For people in Saudi Arabia, product innovation and economic growth will skyrocket. Imagine having access to the best consumer goods. And for entrepreneurs in China? A rapidly growing consumer market with infinite potential for growth. The future is all about collaboration, not competition. What a move. I can’t wait to visit China and explore the endless business opportunities myself. It’s only upwards from here.
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We are #PwCProud to be the Platinum Sponsors of the 12th Invest Cyprus International Investment Awards for yet another consecutive year! Our CEO & Chairman, Philippos Soseilos remarked on the strength of the economy of Cyprus and outlined his further thoughts on this under a number of pillars: Potential, Reorientation, Reinvention, a Sustainable Approach and the Perception Gap. Read more here: https://pwc.to/4cMA17V #PwCCyprus
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$50 billion. That’s how much Saudi Arabia’s Public Investment Fund (PIF)’s new deal with China is. A transformative move for global finance. Here’s all you need to know in under 60 seconds. The PIF has signed numerous agreements with top Chinese financial firms. The goal? To boost economic ties between both countries. To do so, the deal involves spending on various sectors, including energy and technology. Mutual growth at its finest. And there’s more. This groundbreaking agreement will improve financial cooperation, innovation, and trade between Saudi Arabia and China. For people in Saudi Arabia, product innovation and economic growth will skyrocket. Imagine having access to the best consumer goods. And for entrepreneurs in China? A rapidly growing consumer market with infinite potential for growth. The future is all about collaboration, not competition. What a move. I can’t wait to visit China and explore the endless business opportunities myself. It’s only upwards from here.
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