Channel Details
- Home
- Channel Details
GCC Institutional Investors I – SWF
July 23, 2017
Sovereign Wealth Funds (SWFs) are state owned investment vehicles for managing national wealth. Gulf SWFs rose in prominence in the global stage following the dramatic rise of oil prices since 2003 spurred by globalization and increased trade with the onset of World Trade Organization. GCC economies, which are endowed with finite pool of hydrocarbon resources accumulated ample foreign reserves and realized the need to convert them into diversified assets. The rationale behind the initiation of SWFs in the region was that these diversified assets could provide with them a steady and stable source of income, which could last for generations.
-
Tags:
- GCC
- Investment