Saudi, UAE sovereign wealth funds look for growth in global markets - FII | ZAWYA MENA Edition:
Sovereign wealth funds from Saudi Arabia and the UAE are expanding across markets such as Russia, China, India and Latin America to mitigate risks of uncertainty.
Experts attending the three-day Future Investment Initiative (FII) conference in Saudi Arabia identified uncertainty due to fast-changing technologies and geopolitical tensions as one of the biggest challenges for businesses and societies around the world. Additionally, many of these new technologies are being used by the finance sector to break geographical barriers.
Slowing of GDP growth in the UAE and Saudi Arabia can be mitigated through diligent global investments by cash-rich sovereign wealth funds (SWFs) from Saudi Arabia and the UAE, according to the speakers at the opening session on investments.
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