The report indicated that this huge amount of financial surpluses will lead to strengthening the balance sheets of the oil-producing countries in the region, as well as supporting their allocations in the face of risks in the medium term and strengthening their position as a creditor region of great importance in the global economy.
The report stated that Saudi Arabia revealed a strategy to develop the assets of the Public Investment Fund amounting to 607 billion dollars to reach 1.8 trillion dollars by 2030, pointing out that most of the sovereign funds in the region have changed the stereotype of their investments recently, and have become more intelligent and more flexible, as they move investments more. domestically and abroad.
He said that the expected cycle of high energy prices over a period of a decade and the currency peg to the US dollar will mainly contribute to the stability of the situation of sovereign wealth funds in the Middle East in the long term.
The report emphasized that sovereign wealth funds in the Middle East doubled their investments from $22 billion in 2021 to $52 billion in 2022, and that the region includes 5 funds out of 10 globally that are considered the most active in investing in the world.
The report stated that out of 60 huge deals in 2022, with volumes exceeding one billion dollars, 26 of them were obtained by sovereign funds from the Middle East. (Sky News)