Mr. Tarek Choufani signs the set up of a $3 billion joint fund led by CAG Funds’s subsidiary.

Managing Director of CAG Funds Group, Mr. Tarek Choufani, participates in the signing ceremony of the setup of a $3 billion investment fund over the course of the next 4 years led by CAG Funds’s subsidiary. Recognized and promoted by the Beijing International Film Festival, the Fund will invest in the development of ‘Belt & Road’ culture & entertainment overseas value chain. The Fund’s launch was selected as the lead project in the annual China culture & entertainment ceremony.

Subsequently, Mr. Tarek Choufani led a Chinese delegation participating in the investment fund to the Middle East. During the trip, several meetings were held with key investors. Discussions revolved around opportunities in the local market for key projects that the investment fund would participate in such as the opening of Chinese culture & language schools in Saudi Arabia and other GCC countries.