Company Insights Gulf Investment Corporation (GIC) Banking & Finance Gulf Investment Corporation (GIC) News Logistics Gulf bidders in running for Deutsche Bahn logistics arm Abu Dhabi Investment Authority (ADIA) and Saudi Arabia’s national shipping carrier Bahri are in the final round of a bidding process for DB Schenker, the logistics subsidiary of Germany’s national rail operator Deutsche Bahn. Danish companies Maersk and DSV are also in the running, sources told Reuters. ADIA, the UAE’s largest sovereign wealth fund, is […] May 30, 2024 Food & Drink ADIA consortium bids for stake in India’s largest snack maker A consortium including Abu Dhabi Investment Authority (ADIA) has submitted a bid to acquire a controlling stake in the snacks business of India’s Haldiram, according to a media report. The consortium, which also include US-based alternative asset manager Blackstone and GIC of Singapore, aims to secure 75 percent of the Indian company’s snacks unit, valuing it […] May 14, 2024 Aviation Mubadala weighs buying stake in Heathrow airport Abu Dhabi’s Mubadala Investment Company is studying the possibility of acquiring a stake in the UK’s busiest airport, Heathrow, according to a media report. The UAE sovereign wealth fund is weighing an investment after being approached by Paris-based buyout company Ardian, Bloomberg reported, citing people familiar with the matter. Discussions are ongoing and no agreements […] February 21, 2024 Infrastructure Taqa-led consortium to build $408m Saudi water project A consortium led by the Abu Dhabi National Energy Company (Taqa) has won a contract from state-run Saudi Water Partnership Company (SWPC) to develop the AED 1.5 billion ($408.44 million) Juranah independent strategic water reservoir project in Makkah. The consortium includes Vision International Investment Company (Vision Invest) and Gulf Investment Corporation (GIC), Taqa said in […] January 2, 2024 Banking & Finance PIF buys 10% stake in UK’s Heathrow airport Saudi Arabia’s Public Investment Fund (PIF) will acquire a 10 percent stake in the parent company of London Heathrow, the UK’s busiest airport. Spanish infrastructure major Ferrovial will sell its entire 25 percent stake in FGP Topco for £2.37 billion ($3.01 billion), the company said in a statement. Paris-based private equity fund Ardian will buy the remaining […] November 29, 2023 Retail Adia to invest $598m in India’s Reliance Retail Reliance Retail Ventures, a subsidiary of India’s Reliance Industries Limited (RIL), is planning to raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority (Adia). The investment by a wholly owned subsidiary of the UAE’s sovereign wealth fund will translate into an equity stake of 0.59 percent in Reliance Retail, which makes it […] October 8, 2023 Analysis Banking & Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023 Banking & Finance Abu Dhabi weighs bid for 34% stake in UK port operator Abu Dhabi Investment Authority (ADIA) is among several companies planning to bid for a 34 percent stake in Associated British Ports (ABP), valued at nearly £2 billion ($2.42 billion). Stonepeak Partners LP and British Columbia Investment Management Corporation are among the other investors interested in the stake being sold by Canada Pension Plan Investment Board […] February 22, 2023 Opinion Dubai, Singapore and the battle for tech startup supremacy The relationship between the GCC and Southeast Asia has entered a new phase of competition and co-operation as both aim to lure founders August 1, 2022 UAE splashes out more foreign investment than it receives The UAE ranked first in the Gulf for foreign direct investment (FDI) inflows in 2021, but the amount the emirates invested overseas overtook this figure during the same period. The rising oil price is likely to see this trend continue, experts said. The newly released United Nations Conference on Trade and Development’s (UNCTAD) World Investment […] June 13, 2022 Posts navigation Previous 1 2
Logistics Gulf bidders in running for Deutsche Bahn logistics arm Abu Dhabi Investment Authority (ADIA) and Saudi Arabia’s national shipping carrier Bahri are in the final round of a bidding process for DB Schenker, the logistics subsidiary of Germany’s national rail operator Deutsche Bahn. Danish companies Maersk and DSV are also in the running, sources told Reuters. ADIA, the UAE’s largest sovereign wealth fund, is […] May 30, 2024
Food & Drink ADIA consortium bids for stake in India’s largest snack maker A consortium including Abu Dhabi Investment Authority (ADIA) has submitted a bid to acquire a controlling stake in the snacks business of India’s Haldiram, according to a media report. The consortium, which also include US-based alternative asset manager Blackstone and GIC of Singapore, aims to secure 75 percent of the Indian company’s snacks unit, valuing it […] May 14, 2024
Aviation Mubadala weighs buying stake in Heathrow airport Abu Dhabi’s Mubadala Investment Company is studying the possibility of acquiring a stake in the UK’s busiest airport, Heathrow, according to a media report. The UAE sovereign wealth fund is weighing an investment after being approached by Paris-based buyout company Ardian, Bloomberg reported, citing people familiar with the matter. Discussions are ongoing and no agreements […] February 21, 2024
Infrastructure Taqa-led consortium to build $408m Saudi water project A consortium led by the Abu Dhabi National Energy Company (Taqa) has won a contract from state-run Saudi Water Partnership Company (SWPC) to develop the AED 1.5 billion ($408.44 million) Juranah independent strategic water reservoir project in Makkah. The consortium includes Vision International Investment Company (Vision Invest) and Gulf Investment Corporation (GIC), Taqa said in […] January 2, 2024
Banking & Finance PIF buys 10% stake in UK’s Heathrow airport Saudi Arabia’s Public Investment Fund (PIF) will acquire a 10 percent stake in the parent company of London Heathrow, the UK’s busiest airport. Spanish infrastructure major Ferrovial will sell its entire 25 percent stake in FGP Topco for £2.37 billion ($3.01 billion), the company said in a statement. Paris-based private equity fund Ardian will buy the remaining […] November 29, 2023
Retail Adia to invest $598m in India’s Reliance Retail Reliance Retail Ventures, a subsidiary of India’s Reliance Industries Limited (RIL), is planning to raise 49.67 billion rupees ($598 million) from the Abu Dhabi Investment Authority (Adia). The investment by a wholly owned subsidiary of the UAE’s sovereign wealth fund will translate into an equity stake of 0.59 percent in Reliance Retail, which makes it […] October 8, 2023
Analysis Banking & Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023
Banking & Finance Abu Dhabi weighs bid for 34% stake in UK port operator Abu Dhabi Investment Authority (ADIA) is among several companies planning to bid for a 34 percent stake in Associated British Ports (ABP), valued at nearly £2 billion ($2.42 billion). Stonepeak Partners LP and British Columbia Investment Management Corporation are among the other investors interested in the stake being sold by Canada Pension Plan Investment Board […] February 22, 2023
Opinion Dubai, Singapore and the battle for tech startup supremacy The relationship between the GCC and Southeast Asia has entered a new phase of competition and co-operation as both aim to lure founders August 1, 2022
UAE splashes out more foreign investment than it receives The UAE ranked first in the Gulf for foreign direct investment (FDI) inflows in 2021, but the amount the emirates invested overseas overtook this figure during the same period. The rising oil price is likely to see this trend continue, experts said. The newly released United Nations Conference on Trade and Development’s (UNCTAD) World Investment […] June 13, 2022
