Saudi Arabia's sovereign wealth fund PIF has anchored the first close of Brookfield Middle East Partners, a new private equity fund focused on Saudi Arabia and the wider Middle East, helping raise about $2 billion alongside other institutional investors.
Brookfield, a leading global investment firm with more than $1 trillion in assets under management, has joined hands with Alshaya Group to develop a 480,000-sq-ft mixed-use asset in the heart of Dubai Hills. The development will feature Grade A office spaces, build-to-rent residential, and retail offerings.
