Source: Bloomberg
According to people familiar with the situation, the Middle East Fortune Fund's transactions in the United States have been more strictly reviewed by the Bayeng government in the United States, and these entities are considered closely related to China.
A person familiar with the matter who required anonymous because of the incident that the US Foreign Investment Commission (CFIUS) is evaluating several billions of dollars this year's transactions this year, fearing that they may cause national security risks.Members of Biden Cabinet are currently evaluating more than six mergers and acquisitions transactions, involving Abu Dhabi Investment Bureau, Mubadala Investment Corporation and Saudi Public Investment Fund.
Although the United States is still the first choice place for the Middle East Large Fortune Fund, China is becoming more and more attractive.According to the Global SWF, the Bay Fund's mergers and acquisitions and investment value of China have climbed to $ 2.3 billion in 2023, compared with about $ 100 million last year.This coincides with the relationship with the President Xi Jinping in December last year to promote the relationship with the region.
"We began to see a field of sensitivity to the Gulf country," the Gibson Dunn partner Stephenie Gosnell Handler said at a online seminar last month."We see CFIUS start asking more questions."
People familiar with the matter said that in recent months, American officials have become more worried that the key technologies, infrastructure and data that flows to the UAE may eventually fall into the hands of Beijing.People familiar with the matter said that their attention to Abu Dhabi is particularly high, because the decisions of national security, foreign policy and international investment are made by the few royal members.
People familiar with the matter said that CFIUS has requested to obtain internal information of several bay funds to ease the US concerns, but these Middle East entities are unwilling to fully open all records to a foreign government.
According to Bloomberg's previous report, the fund's transactions include Mubadala's acquisition of Fortress Investment Group equity. The fund is exploring different options, including the introduction of US investors, with a view to obtaining regulatory approval.The British Financial Times reported earlier that SoftBank and Fortress's transactions also face CFIUS censorship.
A UAE official said in a question from the Bloomberg News Agency that the country is one of the most important trade and investment centers in the world.responsibility.
CFIUS is a cross -institutional committee, which is chairman of the US Finance Minister Yellen, including a representative from President Bayeng Cabinet.A spokesman for the US Treasury Department said that CFIUS is committed to adopting all necessary actions within its scope to maintain US national security.
"According to the law and practice, CFIUS will not comment publicly on a transaction that may be or not in or not," a spokesman for the Ministry of Finance.Abu Dhabi Investment Bureau and Mubadala Investment Corporation did not comment, and the representatives of the Saudi Public Investment Fund did not reply to the evaluation request.
Relationship with China
According to Bloomberg's previous report, Mubala is one of the Abu Dhabi investment institutions expanded in China.G42, which is at the forefront of AI operations in the UAE, hired a former executive of JD.com to join its $ 10 billion technology fund, and formed a Chinese team.
G42's shareholders include Mubadala, and its chairman is SHEIKH TAHNONNON BIN ZAYED Al Nahyan, the UAE national security adviser, his business empire includes investment companies Royal Group, Fortune Fund ADQ and 1 trillion dollars of Abu Dabby Investment Investment InvestmentInning.
Gulf national officials said that they entered China is not to replace the main investment partner of the United States.Even so, when the Bayeng government was widely tightened to investigate the investment in and out of China, the contact with Beijing caused concerns with Beijing.
Last month, the Special Committee of the China House of Representatives seemed to invest in information about Sequoia Capital to invest in Chinese artificial intelligence, semiconductors and quantum computing companies.American members named their investment in companies such as byte beating, calling it Sequoia China.
Byndon and Xi Jinping's first meeting in San Francisco this month, trade is also one of the key matters on the agenda.
"As the Gulf countries continue to work hard to achieve economic diversification and make large -scale investment in the global science and technology field, it is not surprising that a certain amount of investment is reviewed by CFIUS.Senior researcher Emily Kilcrease said.
