GCC sovereign wealth funds have led global dealmaking with $55 billion in transactions in the first nine months of 2024, accounting for 40 percent of global deals, according to a report by Global SWF. The report identified the region's 'Oil Five' as leading the investment wave, with GCC sovereign wealth funds projected to surpass $5 trillion in assets by early 2025. Traditional markets such as the US and UK remain primary targets for GCC investments, but China is rapidly rising in prominence. GCC sovereign investors are influential forces in shaping financial landscapes both regionally and globally.
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Original article source: https://www.arabnews.com/node/2576849/business-economy
Source Id: 2024-10-526642045