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1/3/24, 11:08 AM How world sees GCC: Region's sovereign wealth funds on the rise
How world sees GCC: Region’s sovereign

wealth funds on the rise

The GCC region has been named the “region of the year” when it comes to sovereign wealth

funds, according to Global SWF

BY GULF BUSINESS
JANUARY 2, 2024

Credit: Getty Images

Every year, Global SWF — which tracks developments in sovereign wealth funds across the world — publishes its
annual report on where things stand in this crucial part of the financial ecosystem.

And in its latest 2024 annual report, the organisation has labelled the GCC as its “region of the year”, dedicating a
significant number of pages to Saudi Arabia, the UAE, Qatar, Kuwait, Oman and Bahrain.

“The ‘Region of the Year’ was equally obvious, as all eyes are on the Gulf Cooperation Council (GCC). In 2023, the
AuM (Assets under Management) of SWFs in the area reached a historical peak of $4.1tn, and the investment

activity, even if slightly lower than in 2022, amounted $82.3bn, led by the so-called ‘Oil Five’,” notes Global SWF in
its report.

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