News

Mena wealth funds ‘ready to shine’

Mena wealth funds ‘ready to shine’ Sovereign wealth funds (SWF) in the Mena region are set to have their place in the sun, according to recently published research. A report from Global SWF, a data platform that tracks more than 400 SWFs, found that many Mena-based funds are set to receive significant inflows this year thanks to increased oil prices.  Large, more liquid and internationally focused savings funds, such as Abu Dhabi Investment Authority, Kuwait Investment Authority and Qatar Investment Authority, are likely to see the lion's share of the inflows. Meanwhile, funds with more domestic assets, such as Mubadala and ADQ in Abu Dhabi and Mumtalakat in Bahrain, will not enjoy the same inflows but suffer no major losses, according to Global SWF. "In summary, investors from the region will emerge even stronger from the current economic scenario," stated the report. "In this context, Middle Eastern SWFs are readier than ever to shine." Overseas, Mena-based SWFs have more than doubled their investments in Western economies, including the US and Europe, from $21.8 billion in 2021 to $51.6 billion in 2022, according to the report. Mena-based funds account for five of the top ten most active sovereign investors this year. ©2023 funds global mena

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