Bahrain-based Investcorp plans to invest at least half of its $1 billion GCC Infrastructure fund in Saudi Arabia as it seeks to take advantage of investment opportunities in the kingdom, reported Reuters.
Investcorp has been one of the largest and most active private equity investors in the Saudi Arabian market, investing more than $700 million in the last 10 years. Those investments include Saudi Fitness Centre, Leejam Sports Co, car rental firm Theeb and L’azurde, the Arab world’s leading maker of gold jewelry.
