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Gulf sovereign funds look to Asia as Mubadala leads dealmaking
Mubadala and its subsidiaries invested $29.2 billion last year, up from $17.5 billion in 2023, and a 67% increase in total deals
Jordan Thompson returns a shot against Giovanni Mpetshi Perricard during the Mubadala Citi DC Open tennis tournament last summer (Getty Images)
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Competition between sovereign wealth funds in Saudi Arabia, the UAE and Qatar is likely to deepen in 2025 as the three Gulf states pour money into China and other developing markets.The growing focus on Asia is evident from data assembled by Singapore-based Global...