Brookfield Corporation has achieved a $2 billion initial close for its new Middle East-focused private equity fund. Anchored by Saudi Arabia’s Public Investment Fund, Brookfield Middle East Partners will target high-growth markets across the region, directing half of its investments toward Saudi Arabian businesses. The initiative aims to deepen local capital markets and expand regional financing options across key commercial sectors.
Saudi Arabia's Public Investment Fund (PIF) and the Export-Import Bank of the United States (EXIM) have signed a Memorandum of Understanding establishing up to $15 billion in long-term export credit. The framework will allow eligible PIF portfolio companies to purchase goods and services from American suppliers. The agreement focuses on key sectors including technology, aerospace, infrastructure, and critical minerals to build stronger cross-border supply chains.
Kuwait Petroleum Corporation subsidiary Kuwait Oil Company has signed a 16 billion US dollar deal with Blackstone, Brookfield and KKR. The 20.5-year lease and leaseback agreement covers the firm’s domestic and export crude oil pipeline network. Marking the largest foreign direct investment in Kuwait history, the deal will provide 7.85 billion US dollars in upfront proceeds to support national production goals.
Asset World Corporation has revealed plans for two major projects along the Chao Phraya River, featuring an eco-friendly cross-river cable car and the new MONA Bangkok art museum. Developed alongside Australia’s Museum of Old and New Art, MONA Bangkok will form an unconventional cultural destination at Asiatique The Riverfront. The multi-billion baht initiative aims to enhance the city's sustainable tourism and creative offerings.
Hyundai E&C has selected 12 promising startups through its fifth annual open innovation contest, co-hosted with the Seoul Economic Promotion Agency. Chosen from 156 applicants, these firms will undergo a four-month proof-of-concept phase to test emerging technologies across artificial intelligence, robotics, digital healthcare and smart construction. The initiative aims to integrate cutting-edge solutions directly into active construction sites and residential developments.
SURJ Sports Investment, a company owned by Saudi Arabia’s Public Investment Fund, has launched a new joint venture called radia alongside Live Nation and Oak View Group. The initiative will manage, operate and commercialise multi-use sports and entertainment venues across the country. It aims to support Saudi Arabia’s growing sports sector, which is projected to exceed $22 billion in value by 2030.
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