Saudi Arabia has committed to supporting Brookfield Asset Management's new $2 billion Middle East fund, enhancing the Canadian investment firm's capacity to engage in transactions within the oil-rich Gulf region. The Saudi Public Investment Fund (PIF) will serve as a strategic anchor investor for this initiative, which aims to allocate 50% of its investments in Saudi Arabia. The fund is expected to attract a diverse range of investors and will focus on buyouts and structured solutions, among other investment strategies.
