Singapore state investor Temasek says it will open new offices in Riyadh and Abu Dhabi as part of an expansion in the Middle East. The move is scheduled for 2027, with CNBC reporting the offices will be opened by the first half of that year.

The outlets describe this as Temasek’s largest Middle East expansion to date and a broader ramp-up of its regional presence. Bloomberg and CNBC frame the decision in the context of increasing investments across the Middle East, while also noting the timing aligns with Temasek’s wider plans to grow its international footprint.

CNA adds that the new offices will bring Temasek’s global network to 15 offices across 11 countries in 2027. Across the reports, the common details are the destinations—Saudi Arabia and the United Arab Emirates—and the overall timeframe, with no differences reported on the stated locations.