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Home News Technology

How GCC wealth funds are fueling growth and prosperity

admin by admin
July 18, 2023
in Technology
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GCC wealth funds are fueling growth and prosperity

Illustration: Getty Images

The region’s sovereign investors are broadening their investments in various sectors including healthcare, technology, private equity and hedge funds as part of a diversification strategy away from oil and gas

The GCC is expected to buck the global recession with its real GDP projected to moderate from 6.1 per cent in 2022 to 3.4 per cent this year. The oil-rich Gulf economies have grown in relevance over the year, as they have emerged as new bankers to the world and the go-to investors for distressed…



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