HONG KONG: Singapore state investor Temasek stated on Wednesday (Sep 30) it deliberate to open places of work in Riyadh and Abu Dhabi within the first half of 2027, topic to approvals, in search of funding and partnership alternatives throughout the Center East.
The brand new places of work will broaden Temasek’s international community to fifteen places of work in 11 international locations in 2027. Temasek had a net portfolio value of S$518 billion (US$405.5 billion) as of Mar 31, 2026.
“The Center East is a crucial a part of Temasek’s international community,” Temasek CEO Dilhan Pillay Sandrasegara stated in an announcement.
“The tempo and ambition of financial transformation throughout the area are exceptional, and its long-term fundamentals stay extremely engaging.”
The growth alerts Temasek’s confidence within the Gulf’s long-term development regardless of regional tensions which have raised uncertainty for markets, power provides and transport.
The assertion stated Temasek would deepen engagement throughout the Center East, notably in Saudi Arabia, the United Arab Emirates and Qatar, the place it sees long-term alternatives for itself and its portfolio corporations.
Temasek stated it could additionally have interaction establishments in Qatar and different Center East markets. The growth would additionally strengthen its entry to alternatives in Central Asia and Africa, it added.
Chia Track Hwee, CEO of Temasek International Investments, grew to become chairman for the Center East and Africa on Sep 1. He’ll present senior oversight of Temasek’s engagement and long-term development within the markets, Temasek stated.
“Being on the bottom within the Center East will strengthen engagement with our companions and improve entry to funding alternatives for Temasek and our portfolio corporations all through the area and past to Central Asia and Africa,” Chia stated.
“Equally, it permits us to carry complementary experience from throughout our ecosystem to those markets, increasing pathways to create lasting worth with like-minded companions.”
Ankit Khemka will stay managing director for the area and lead Temasek’s technique and growth.
