Guggenheim Investments — the $357 billion U.S. asset manager — is actively considering opening an office in Saudi Arabia, expanding its Gulf footprint as the region accelerates investment in infrastructure, transportation, and technology.
Already present in Dubai and in the process of licensing in Abu Dhabi, Guggenheim views the Gulf as a strategic growth hub.
Anne Walsh, CIO of Guggenheim Partners Investment Management, told Reuters at the Milken MEA Summit:
“We are very, very positive on the region… The Gulf’s leadership in AI, technology, and diversified energy will strongly support long-term investment opportunities.”
Key Highlights
- Active evaluation of a Riyadh office.
- Plans not only to establish a presence but also to deploy capital directly in Saudi Arabia, particularly in transportation equipment and infrastructure.
- Follows billions in new U.S.–Saudi investment announcements earlier this year.
- Guggenheim is now a strategic partner of the Future Investment Initiative (FII), Saudi Arabia’s flagship global investment conference.
As Gulf states diversify aggressively beyond hydrocarbons into finance, tourism, technology, and manufacturing, global asset managers are racing to secure early positioning in the region’s next growth cycle.