11/01/08Iktissad wa Amal– November Issue
Distribution Market: Pan Arab
The number of sovereign wealth funds in the GCC increased and their financial power and capacity strengthened, according to a report published by Booz& Co. Today, they represent a quarter of the sovereign wealth funds in the world, and the value of their assets ranges between 1.5 and 2 trillion dollars. It is expected that the volume of these assets will triple in the coming decade. Among the top 14 international wealth funds which represent 90% of the assets currently estimated at 1.2 trillion dollars, the UAE, the KSA, Kuwait and Qatar have 41% of the total assets, which promotes the growing wealth and financial revenues that these funds can generate.