The survey, which covered managers in SWFs representing over 50 per cent of the $5trillion held by SWFs globally, found that SWFs remained “very cautious” about the current market. They also are concerned about supporting further bailout and capital injections after previous investments have subsequently fallen in value.
The survey also found that SWFs are diverting cash inflows to domestic markets to help stimulate their home markets, rather than continuing to invest globally.
One SWF executive told the survey: “We are ready to re-enter the market in a major way, but not for several months given that we are sure prices are only heading down.”
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.