BlackRock and the Israeli government are reportedly in talks about an infrastructure investment that would strengthen the New York firm’s foothold in the Middle East, according to Bloomberg.
No specifics about the potential investment opportunity have been disclosed; however, BlackRock reportedly expressed interest in an investment and Israel offered to help with regulatory barriers, prime minister Benjamin Netanyahu’s top economic adviser Avi Simhon said in an interview this month.
BlackRock opened its first office in Israel two years ago, partnering with local institutional investor Altshuler Shaham Group. It is pursuing opportunities in the Middle East in an effort to attract customers outside the United States, BlackRock CEO Larry Fink has said.
BlackRock has roughly $7 trillion in assets under management.