CHINA's path

New fund aims to promote Chinese expansion in Middle East

The proposed investment vehicle will target sectors where Chinese firms can build up Mideast operations, leveraging capital and market access

Dubai Media Office

China International Capital Corp. opened a branch in May at the Dubai International Financial Centre

Abu Dhabi-based BlueFive Capital and China International Capital Corp.’s private equity arm are preparing a new fund to support Chinese companies aiming to expand in the Middle East.

The proposed investment vehicle will target sectors where Chinese firms...