ADFD invests $1.3 billion in renewable energy
January 26, 2021 According to an article published by Gulf Today, the Abu Dhabi Fund for Development (ADFD) has spent the past decade financing innovative renewable-energy projects which have benefited 65 countries. The ADFD has consistently increased its portfolio, which currently stands at a total value of Dhs4.7 billion ($1.3 billion) and cumulatively generates 9,755MW of electricity, Read the original…
Middle Eastern SWFs directly invest over $14.7bn in the US in 2020
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…
QIA looks to Asia and US for new investment opportunities
January 19, 2021 According to an article published by Bloomberg, Qatar’s sovereign wealth fund, Qatar Investment Authority (QIA) is looking east to Asia for deals in an effort to diversify an investment portfolio which is currently heavily weighted toward North America and Europe. The article went on to quote Sheikh Mohammed bin Abdulrahman Al Thani, Chairman of QIA to say…
Foreign investment represents a third of PIFs portfolio
January 14, 2021 A recent article in Arab News quoted the governor of The Public Investment Fund (PIF), Mr. Yasir Al-Rumayyan as saying 'the size of PIF is currently about $400 billion, and the fund aims to reach $2 trillion in 2030'. The article went on to confirm that the PIF’s investment outlook is long-term, with foreign investments currently representing…
Mubadala eyes place amongst top 10 SWFs globally by 2030
January 10, 2021 According to an article published by Gulf Business, Abu Dhabi-based Mubadala is overhauling its structure and deploying capital with the expectation of doubling in size to nearly half a trillion dollars by 2030, a seven percent annual growth rate according to Global SWF. The article went on to note that alongside continued investment in clean technologies and…