Temasek to Open 2 Gulf Offices by 2027 as $400 Billion Investor Expands Middle East Bet
Updated
Updated · CNBC · Sep 30
Temasek to Open 2 Gulf Offices by 2027 as $400 Billion Investor Expands Middle East Bet
3 articles · Updated · CNBC · Sep 30
Summary
Abu Dhabi and Riyadh will host Temasek offices in the first half of 2027, giving the Singapore state investor permanent Gulf hubs and room for portfolio companies to co-locate.
The $400 billion firm said the move targets long-term opportunities from the Gulf's economic transformation, even as the Iran war strains regional energy infrastructure and exports.
Saudi Arabia's Vision 2030 projects have already faced delays and revisions amid tighter finances, weaker foreign investment and war-related economic fallout, underscoring the risks alongside Temasek's expansion.
Temasek has been building in the region: Seviora opened in Abu Dhabi in 2025, and in May Temasek joined partners including ADNOC and BlackRock's GIP to pursue $30 billion in infrastructure deals.
The new offices extend Temasek's global network beyond 13 existing locations, with Qatar also set for active institutional engagement under executives Chia Song Hwee and Ankit Khemka.