Blackstone (NYSE: BX), the world’s largest alternative asset manager, today announced plans to open an office in Kuwait through the Kuwait Direct Investment Promotion Authority (KDIPA), further strengthening its presence in the GCC.

Jon Gray, President and COO of Blackstone, said: “Kuwait has the resources, vision and leadership to be a key commercial and financial hub in the region. Private capital can play an important role to support the country’s long-term economic diversification efforts and we look forward to deepening a partnership that spans nearly four decades.”

H.E. Sheikh Dr. Meshaal Jaber Al-Ahmad Al-Sabah, Director General of Kuwait Direct Investment Promotion Authority (KDIPA), said: “Leading global companies’ presence in Kuwait reflects growing confidence in its long-term outlook. It further reinforces Kuwait’s position as a destination for investment and sustainable growth.”

Blackstone expects the Kuwait office to open in Q3 2026. Blackstone intends to further expand its regional presence with additional offices to be announced across the GCC over the coming year.

About Blackstone

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds.