BlackRock, the world’s largest asset manager, is opening a new office in Kuwait as part of its continued expansion across the Gulf, according to the Kuwaiti state news agency KUNA. The move follows the recent approval of an investment adviser licence for BlackRock Advisors (UK) Ltd by Kuwait’s Capital Markets Authority.
Ali AlQadhi has been appointed to head the Kuwait office while continuing in his existing role as head of BlackRock’s client business for Kuwait and Qatar. The new office will house teams in customer service, financial advisory, and operations linked to BlackRock’s flagship Aladdin technology platform.
With $12.5 trillion in assets under management, BlackRock has been steadily deepening its Gulf presence. The company has already established offices in Abu Dhabi, Riyadh, and Doha, building partnerships that cover fund management, infrastructure projects, and advisory services. The Kuwait expansion strengthens BlackRock’s position as a key player in the region’s investment landscape.
