Blackstone plans fourfold growth in Gulf assets amid infrastructure spending boom

“Blackstone plans fourfold growth in Gulf assets amid infrastructure spending boom”

Blackstone has committed more capital to the Gulf region in the past 12 months than at any point in its history, and it plans to invest more despite geopolitical headwinds, its chief executive has said. Despite the months-long war , the investment appeal of the Gulf remains intact, Steve Schwarzman, who is also chairman and co-founder of the world's largest alternative asset manager, told The National . The $1.3-trillion investor aims to substantially grow the percentage of its assets under…