GLOBAL: The latest Global SWF report highlighted Abu Dhabi’s Mubadala Investment Company as the world’s top sovereign wealth fund spender in 2024, with US$29.2 billion invested in 52 transactions. This 67% surge in Mubadala’s investment activity, compared to 2023, outpaced Saudi Arabia’s Public Investment Fund – which shifted focus inwards to prioritize domestic mega-projects like NEOM and strategic renewable energy initiatives. Together with Abu Dhabi Investment Authority, Qatar Investment Authority and ADQ, these entites collectively deployed US$82 billion in 2024 as the GCC region accounted for 38% of the world’s sovereign wealth fund assets.
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