Mubadala Leads Record Middle East Sovereign Fund Investments

Abu Dhabi's Mubadala Investment Co. emerged as the world's most active sovereign wealth fund in 2024, deploying $29.2 billion, a significant increase from the $17.5 billion spent in 2023. This surge in investment overtook Saudi Arabia's Public Investment Fund (PIF), which reduced its international investments by 37% to focus on domestic economic diversification. Collectively, Middle Eastern sovereign wealth funds, including those from Abu Dhabi, Qatar, and Saudi Arabia, invested a record $82 billion last year, reflecting the region's strategic use of financial resources to gain global influence across sectors such as finance, technology, and life sciences. The increased activity is partly attributed to the surplus from rising energy prices in 2022, leading to these funds becoming prominent players in international deals. Mubadala's investments were particularly focused on digitization and artificial intelligence, positioning Abu Dhabi as a potential AI hub in the region.