Accelerating Prosperity: KSA and UAE Unite at the Global Wealth Conference, Paving the Way for MENA Region's Phenomenal Expansion - Middle East News 247
July 20, 2024
Business GCC Saudi Arabia UAE

Accelerating Prosperity: KSA and UAE Unite at the Global Wealth Conference, Paving the Way for MENA Region’s Phenomenal Expansion

Dubai, UAE – May 22, 2023:  The Sovereign Wealth Fund Institute® (SWFI®), the world’s most trusted source on institutional investors and global capital, has announced its Global Wealth Conference (GWC), taking place in historic locations on May 31 and June 1 in London. The GWC platform has attracted some of these capital sources, which are coming from countries such as the United Arab Emirates and the Kingdom of Saudi Arabia. Sovereign wealth funds globally see the U.K. as a destination for direct investments.

Sovereign wealth funds have directly invested US$ 14.66 billion into the U.K. in 2022, compared to just US$ 8.205 billion in 2021. Sovereign wealth funds such as Mubadala Investment Company, the Public Investment Fund of Saudi Arabia, Singapore’s GIC Private Limited, and Canadian pension plans such as CDPQ, the Ontario Teachers’ Pension Plan, CPP Investments, and others continue to allocate capital directly into the UK based on SWFI transaction data.

The conference will be attended by 40 sovereign wealth funds, 50+ family offices from around the world, 30+ pension and public funds, 50+ institutional global asset managers, and 30+ prominent personalities from royal families to policymakers. From Kingdom of Saudi Arabia, Ajlan & Bros, one of the largest private sector conglomerates in the Middle East region; Dr Tarek Hajjiri, CEO,DIFC Family Wealth Centre will attend the conference.

Commenting on the event, Lakshmi Narayanan, Chairman of the Sovereign Wealth Fund Institute & Michael Maduell, President of the Sovereign Wealth Fund Institute, said,“Global Wealth Conference presents an exceptional platform for GCC countries and prominent business entities to highlight and exchange a multitude of business opportunities with institutional investors, fostering capital inflow and forging strategic partnerships. To date, over 60 distinguished Middle Eastern families and institutions have registered, constituting an impressive 20% of the total attendees. The conference will witness the momentous launch of the $20 billion Tourism Infrastructure Fund, dedicated to catalyzing development in the MENA region.”

The Global Wealth Conference will bring together an impressive array of attendees, including major investors such as sovereign wealth funds, pensions, foundations, official institutions, endowments, large family offices, and other asset owners, alongside top-level industry leaders.

This dynamic event will feature a diverse and captivating program, encompassing compelling keynote presentations, engaging panel discussions, interactive workshops, and exclusive private dinners held in historic venues. Participants can eagerly anticipate immersive networking sessions, fostering valuable connections and collaborations.

Last Updated on 4 months by Middle East News 247

    Middle East News 247

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