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BlackRock Seeks $1 Billion for Middle East Infrastructure Fund

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BlackRock Inc. is seeking to raise $1 billion for a new infrastructure fund that will focus on the Middle East. The fund, which is still in the fundraising stage, is expected to be launched in the coming months.

BlackRock is targeting sovereign wealth funds, pension funds, and other institutional investors for the fund. The fund will invest in a variety of infrastructure projects, including transportation, energy, and telecommunications.

The Middle East is a region with a growing need for infrastructure investment. The region’s population is expected to grow by 50% by 2050, and this growth will require significant investment in infrastructure.

BlackRock is well-positioned to raise a fund for the Middle East. The firm has a strong track record of investing in infrastructure, and it has a deep understanding of the Middle East market.

BlackRock Seeks $1 Billion

The launch of the new fund is a sign of BlackRock’s commitment to the Middle East. The firm is seeing attractive investment opportunities in the region, and it is well-positioned to capture these opportunities.

Here are some of the key details of the fund:

  • Target size: $1 billion
  • Investment focus: Infrastructure projects in the Middle East
  • Target investors: Sovereign wealth funds, pension funds, and other institutional investors
  • Fund manager: BlackRock Inc.

The launch of the new fund is a positive development for the Middle East infrastructure market. The fund will provide much-needed capital for infrastructure projects in the region, and it will help to boost economic growth.

Photo by Darcey Beau on Unsplash


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