From Oil to Innovation: How GCC Wealth Funds Fuel Growth and Economic Diversification
Published on: Sept. 10, 2025, 11:36 a.m. | Source: Devdiscourse
The IMF paper finds that foreign investment, especially through GCC sovereign wealth funds, is driving diversification into services, technology, and renewables, with inward FDI delivering the strongest boost to non-oil growth. While outward investments build global influence, domestic reforms and strategic SWF-led projects remain vital to sustaining long-term economic resilience.
