https://arab.news/z8fye
In recent years, there has been a noticeable shift in the investment strategies of Gulf nations, as they increasingly turn to Asia for funding. This trend marks a significant pivot in the region’s economic diversification efforts, driven by both geopolitical considerations and the evolving global economic landscape. With traditional Western investment sources becoming more volatile, Asian powers — especially China, India and Japan — are fast becoming the region’s go-to funding source, as the Gulf states seek financial capital and strategic partnerships to expand their global influence and secure long-term growth.
As of June, Saudi Arabia had already sought more than $2 billion in syndicated loans toward Asia-Pacific bank liquidity. This includes $1 billion for the Saudi Electricity Company, $750 million for Banque Saudi Fransi and $500 million for Al Ahli Bank of Kuwait — transactions that reflect a clear strategy to diversify funding sources beyond domestic markets.
Qatar Gas Transport Company last week secured a five-year, $1 billion syndicated loan, with Mizuho Bank acting as the sole mandated lead arranger and bookrunner. The deal follows an earlier financing arrangement with Korea Eximbank to build 25 conventional Korean-built liquefied natural gas carriers.
