January 25, 2021
According to an article published by Arabian Business Global, Saudi Arabia’s Public Investment Fund (PIF) led its fellow Middle Eastern sovereign wealth funds, which together invested over $14.7 billion in the US in 2020. This is more than double the commitment compared to $6.5 billion in 2019 and $6.2 billion in 2018. The article went on to note the Abu Dhabi Investment Authority (ADIA) and the Kuwait Investment Authority (KIA) allocated “significant” amounts of capital to third-party investors across direct investments in real estate, infrastructure and select private equity opportunities.
Read the original article on Arabian Business Gloabl: Why the US proved fertile ground for Gulf sovereign wealth investment in 2020