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FinancialNews


  • 22-01-23

    Investcorp’s Hazem Ben-Gacem considers Saudi Arabia as massive market for investment

    (MENAFN) Pent-up consumer, logistics as well as industrial request in Saudi Arabia have won the attention of some of the world’s largest businesses, such as the Bahrain-based equity company Investcorp as it considers a USD1 billion investment.

    While giving a speech on the offshoots of the World Economic Forum in Davos, co-chief executive Hazem Ben-Gacem informed Arab News that the company’s involvement in the West had given it the know-how to project into the Gulf, a region it has named home for almost 4 decades.

    Ben-Gacem stated that his firm’s growth in the GCC would be the initial move to attaining USD1 billion of funds in the real estate market during the upcoming few years.

    He stated that the concentration was on Saudi Arabia as the firm seeks to capitalize on the nation’s growing logistics industry.

    Investcorp has bought a temperature-controlled warehouse in Dammam. It is the opening of USD100 million-value of real estate funds that it is by now assessing in the nation.

    MENAFN22012023000045014228ID1105461346

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