Foreign Funds and Gulf Diversification
The article focuses on the role of foreign investments and sovereign wealth funds in promoting economic diversification within the Gulf Cooperation Council countries. The study indicates that inbound foreign investments have a greater impact on non-oil GDP growth compared to domestic investments, with investment volumes exceeding $3 trillion between 2000 and 2023. The data highlight that the UAE and Saudi Arabia lead in the size and number of deals, while the findings show that the quality of investment—particularly in sectors such as technology and renewable energy—plays a crucial role in achieving diversification and sustainable development goals. The study also emphasizes the importance of enhancing the efficiency of sovereign wealth funds through partnerships with international investors, stressing that success in economic diversification depends not only on the size of capital but also on the quality of investments and their impact on technology, productivity, and the creation of high-skilled jobs.
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