October 30, 2019 (Riyadh)
Zawya has reported experts who attended the 3rd Future Investment Initiative (FII) in Riyadh say that Saudi Arabia and UAE Sovereign Wealth Funds are expanding across markets such as Russia, China, India, and Latin America to mitigate risks of uncertainty. The article went on to note that diligent global investments are being used to mitigate the slowing of GDP growth in the UAE and Saudi Arabia.
Yasir Al-Rumayyan, Head of the Public Investment Fund (PIF), and Khaldoon Khalifa Al Mubarak, CEO of Abu Dhabi’s Mubadala Development Company, were quoted saying that spreading investment capital to different geographies is the best way to ensure sustainable returns and lower risks.
Read the original article on Zawya: Saudi, UAE sovereign wealth funds look for growth in global markets