The unprecedented decision by Qatar's Pension and Social Insurance Authority to invest 1.6 billion Qatari riyals (Dh1.61 billion) in a real estate company marks the beginning of a new investment approach by pension funds in the Gulf Cooperation Council (GCC).
The move follows calls by economists for Gulf pension funds to contribute to the development of GCC countries by stimulating local markets and encouraging further investment, and follows in the footsteps of pension funds across the world, especially those in the European Union (EU).
In EU states, pension funds are considered one of the most important driving factors of domestic investment, including investment in stock and capital markets, acting as market maker that brings balance to the market and curbs speculation.
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