BlackRock looks to double Saudi investments to tap deal boom

BLACKROCK AIMS TO rapidly grow its investments in Saudi Arabia and the wider West Asia in the next few years as it looks to tap into a rush of activity in areas from infrastructure to artificial intelligence.

- CHRISTINE BURKE

The world's largest asset manager has already invested more than $35 billion in the kingdom across equities, fixed income and infrastructure, and now has four investment teams in Riyadh focused on strategies across the West Asia, according to Kashif Riaz, who heads BlackRock's Financial Markets Advisory business in the Middle East and its Riyadhbased investmen