Temasek to Expand Middle East Presence with Offices in Abu Dhabi and Riyadh by 2027
Singapore's state-owned investor Temasek is expanding its presence in the Middle East, planning to open offices in Abu Dhabi and Riyadh by mid-2027. This marks a significant step as it builds on earlier moves like Seviora’s expansion into Abu Dhabi in 2025 and partnerships with Mubadala Capital. Temasek is betting on long-term opportunities from the Gulf's economic transformation, despite challenges such as delays to flagship projects under Saudi Arabia's Vision 2030 due to tighter finances and reduced foreign investment. The firm remains optimistic about the region’s fundamentals and strategic alignment with its own focus areas. Offices in Riyadh and Abu Dhabi will serve as regional hubs for Temasek and its portfolio companies. The expansion adds two more locations to Temasek's global network, which now spans 13 offices across nine countries including China, India, the U.S., and Europe. The firm is also engaging with institutions in Qatar while navigating ongoing tensions from the Iran war that have strained Gulf energy infrastructure.
Topics: Economic Transformation Investment Middle East Temasek