November 30, 2022

The Gulf Briefing: Swapping Petrodollars for Assets

Featuring: Rachel Ziemba

Source: Al-Monitor

Journalist: Al-Monitor Staff

Gulf sovereign wealth funds strategy evolved, though. It has shifted from a preference for “portfolio funds” that buy numerous small stakes in a lot of companies to “investing in a more strategic and concentrated way,” said Rachel Ziemba, a macro strategist. Gulf sovereign wealth funds are now hungry for global deals closely aligned with top domestic priorities.

For example, the United Arab Emirates’ ambitions to become a top destination globally for the data center industry. The Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund, partnered on Thursday with a Singaporean private equity real estate firm to set up a $2 billion strategy targeting data center investments across the Asia Pacific region.

Read the full story and more from Al-Monitor.

Author

  • Rachel Ziemba

    Adjunct Senior Fellow, Energy, Economics, & Security Program

    Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security i...