The Greenstone Weekly - Vol 34
Greenstone Equity Partners
Connecting Middle Eastern Investors with Leading Global Fund Managers
·??????Mubadala Investment Co. is eyeing gas assets in India’s expanding city gas distribution network, as well as investments in infrastructure and highways.
·??????Mubadala’s investment portfolio is still at a nascent stage and the UAE sovereign fund is focused on increasing its investments in India.
?·??????Lord Dominic Johnson, appointed minister for investment in the UK’s Department for Business and Trade last month, revealed he is scrapping all SWF taxes, underpinning the importance to Britain of Gulf-based funds.
·??????Johnson also ruled out the possibility that any such tax could be reinstated in the future.
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·??????From $150 billion of assets in 2015, Public Investment Fund (PIF) now manages around $650 billion of assets, the fund governor said. Yasir Al-Rumayyan said the fund wants to increase the value of its assets to $1 trillion in 2025 and between $2-3 trillion by 2030.
·??????Citing the International Monetary Fund’s forecasts, he said the Saudi economy was expected to grow by 7.5 percent, the highest growth among developing countries.
·??????The company’s investments in 2022 totaled $320 million despite slowing demand for logistics services due to global economic challenges.
·??????Dubai’s DP World has invested more than $10 billion in the global logistics sector since 2012, making it one of the top five overseas investors in this period, according to the latest foreign direct investment (FDI) data from FDI Intelligence.