08:41 AM EST, 11/25/2025 (MT Newswires) -- BlackRock ( BLK ) is looking to boost its investments in the Middle East over the next few years, particularly in Saudi Arabia, Bloomberg reported Tuesday.

The asset management giant has already invested more than $35 billion in Saudi equities, fixed income and infrastructure, and now has four investment teams in the Saudi capital Riyadh, Bloomberg reported, citing Kashif Riaz, the head of BlackRock's ( BLK ) Financial Markets Advisory business in the Middle East, and its Riyadh-based investment management platform.

Riaz said the firm is eyeing infrastructure investments in Saudi Arabia, which is spending hundreds of billions of dollars on project to develop a non-oil economy, including transportation infrastructure and AI data centers, Bloomberg reported.

BlackRock ( BLK ) did not immediately respond to a request for comment from MT Newswires.

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