A new report from Global SWF revealed that Kuwait tops the region in wealth owned relative to its GDP. Kuwait accumulated assets worth $1.2 trillion through the Kuwait Investment Authority, the Public Institution for Social Security, and the Central Bank of Kuwait — equivalent to 7.6 times its GDP. This surpasses Abu Dhabi, which is wealthier in absolute terms, with $2.2 trillion in investments, amounting to 6.7 times its GDP.
The Global SWF report also showed that the Qatar Investment Authority was the largest spender among sovereign wealth funds worldwide in November, injecting $4.5 billion. Its activity is expected to grow as it seeks to invest future gains from the country’s rising gas exports.
