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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Dubai’s economic killjoy

Posted on 09 December 2008

From Bcheights.com: A sovereign wealth fund consists of a country’s excess reserves from budget and trade surpluses, or in the UAE’s case, revenue generated from exporting natural resources.

The money is then invested in other types of assets, such as real estate, to protect the country from being dependent on its primary industry. This investment has helped the country diversify its economy and create a number of manufacturing and service jobs, mostly associated with real estate development….. Full Article: Source


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