GQG Partners Intensifies Investment Pursuits In UAE And Saudi Arabia

2025-02-13 04:53:24

(MENAFN- The Arabian Post)

Rajiv Jain, the billionaire founder and chairman of Florida-based investment firm GQG Partners, is actively expanding his investment footprint in the United Arab Emirates and Saudi Arabia. Following significant deals with prominent UAE entities such as International Holding Company , Aldar Properties, and ADNOC Gas, Jain is exploring further opportunities in these burgeoning markets.

GQG Partners, managing assets worth approximately $160.4 billion, has recently executed a substantial investment of $500 million in Alpha Dhabi, a leading Abu Dhabi-based conglomerate. This move underscores Jain's confidence in the region's economic prospects and the resilience of its capital markets. He remarked,“Alpha Dhabi has grown revenue and earnings at a significant rate over the past few years and we feel is very well positioned over the long run.”

The UAE's non-oil economy has been expanding at an impressive rate, attributed to robust domestic activity and investment-friendly reforms. The non-hydrocarbon GDP is projected to exceed 4% in 2023 and maintain a similar pace in 2024. Attracting foreign inflows of capital and labor, the UAE's safe haven status has contributed to elevated real estate prices, particularly in high-end segments.

Similarly, Saudi Arabia is witnessing a significant economic shift as its non-oil sector is projected to expand between 3-4% annually until 2030. The non-oil sector is projected to constitute about 56% of Saudi Arabia's GDP by 2030. The kingdom's Vision 2030, a comprehensive economic diversification plan, is set to stimulate growth in vital sectors such as tourism and construction.

Jain's strategic investments align with GQG Partners' approach of seeking high-quality assets in countries with strong fundamentals. He stated,“Investing in Abu Dhabi aligns with our strategy of seeking high-quality assets in countries with strong fundamentals. We believe that the market's strategic value will continue to grow.”

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GQG Partners has also established a new investment hub in the Abu Dhabi Global Market, highlighting the region's importance for capital markets and the global asset management industry. This move signifies the firm's commitment to expanding its presence in key markets and leveraging the strategic value of the Middle East's financial ecosystem.

The UAE and Saudi Arabia have become attractive hubs for fund managers seeking promising investment opportunities in the Middle East. The region has exhibited strong economic growth, with both countries diversifying away from hydrocarbons, leading to GDP projections exceeding 4% in 2024.

Their robust capital markets, represented by exchanges like the Dubai Financial Market and the Tadawul All Share Index , offer diverse listings, and increasingly sophisticated regulatory frameworks attract significant foreign capital. The countries provide attractive investor incentives, including competitive tax regimes and free zones with zero corporate tax, encouraging foreign fund managers to establish a presence.

With a stable political environment and potential for further growth and diversification, the UAE and Saudi Arabia present compelling opportunities for fund managers seeking dynamic emerging markets.

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