GCC sovereign wealth funds' assets under management grow to $4 trillion

GCC sovereign wealth funds' assets under management grow to $4 trillion

GCC sovereign wealth funds’ assets under management have grown by 20 per cent on average in the past two years to reach about $4 trillion, driven by higher oil prices, according to a new report.

This is the equivalent of about 37 per cent of global SWF AUMs, data and research company S&P Global Market Intelligence said in a report on Tuesday.

Their size is almost the equivalent of the sum of all the AUMs of Asia, Latin America and sub-Saharan Africa's SWFs, the company said.

Among the world’s 10 largest investments on behalf of state-owned investors during 2022, five were from GCC sovereign investors, with the UAE accounting for 62 per cent of total capital deployed (through three funds, namely Abu Dhabi Investment Authority, Mubadala and ADQ), 28 per cent from Saudi Arabia and 10 per cent from Qatar, according to S&P Global Market Intelligence data.