This post is also available in:
简体中文 (Chinese)
Saudi Arabia’s Public Investment Fund (PIF) became one of the world’s most active sovereign investors in 2023, with total investments reaching US$31.6 billion, significantly exceeding last year’s US$20.7 billion.
This is in sharp contrast to other sovereign funds around the world, whose total investments in 2023 will be about $124.7 billion, a fifth less than last year. Investments from the Government of Singapore Investment Corporation (GIC) and Temasek decreased by 46% and 53% respectively. Although GIC’s investment in developed markets has decreased, it is still actively investing in emerging markets such as India.
The Middle East’s sovereign wealth funds account for an increasing share of global transactions, a trend expected to continue. PIF made several major deals last year, including its nearly $5 billion acquisition of Scopely and its $3.6 billion purchase of Standard Chartered Bank’s aviation leasing business.
(Source: Shihua Daily Picture source: freepik)
