Finance
Mideast Wealth Funds Eclipse Peers With $52 Billion Splurge
- Global state-backed investors backed deals worth $96 billion
- Saudi, Abu Dhabi, Qatar wealth funds contribute 54% in 1H
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Middle Eastern sovereign wealth funds accounted for more than half the value of all deals done by global state-backed investors this year, highlighting the oil-rich nations’ growing domination at a time when many peers are reducing spending.
Institutions including Saudi Arabia’s Public Investment Fund, Abu Dhabi Investment Authority and Qatar Investment Authority backed deals worth $52 billion in the first half of 2024, according to data from consultancy GlobalSWF.