Sovereign wealth funds and state allocators across the GCC are shifting toward strategic cross-border partnerships with Asia, demanding alignment with local economic roadmaps. Chinese institutional investors constitute roughly 40% of Investcorp's $750 million Golden Horizon fund, actively targeting mid-market and technology ventures across the GCC and Greater China.
Beijing-headquartered CSC Financial has received regulatory approval to establish its Middle East hub in the Dubai International Financial Centre. Meanwhile, JD.com's infrastructure arm signed a deal with KEZAD Group to build a 150,000-square-metre automated logistics facility in Abu Dhabi.
Saudi Arabia and the UAE are preparing to assist Asian nations in establishing regional oil reserves to strengthen energy security. Officials plan to discuss reserve development at the Asian Zero Emission Community ministerial meeting in the Philippines.
The Wall Street Journal reports that a cockpit attack aboard a FlyDubai flight to Tel Aviv has introduced new risks to Dubai's economy. The incident delivered a setback to the emirate's image as a haven insulated from regional Middle East conflict. FlyDubai has suspended services to Israel amid ongoing investigations into aviation security and crew vetting.
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