<\/span><\/h2>\n\n\n\nAs reported by Middle East Eye, cash-rich property hunters from the Gulf have been purchasing high-end properties in New York City, competing with traditional buyers from Europe and South America. The Sanabil disclosures reveal that the Saudi sovereign wealth fund has stakes in US residential and commercial real estate through asset managers Brookfield, Blackstone, and Cortland.<\/p>\n\n\n\n
Despite some lingering concerns over human rights and dissent, Saudi Arabia has made efforts to position itself as an attractive destination for foreign investment. The country’s Crown Prince Mohammed bin Salman has overseen some social reforms aimed at making the kingdom more appealing to global investors, while also pushing for economic diversification away from the traditional oil and gas industries.<\/p>\n\n\n\n
The new disclosures from Sanabil Investments highlight the kingdom’s growing economic influence around the world and its deepening ties with western investment firms. While some may still have reservations about the country’s political and social climate, it seems clear that its economic heft is something that cannot be ignored.<\/p>\n\n\n\n
As the world continues to navigate an uncertain economic landscape, it is likely that Saudi Arabia and its sovereign wealth fund will continue to play an increasingly important role. Whether this will lead to further criticism and calls for accountability or greater investment and cooperation remains to be seen. <\/p>\n\n\n\n
For now, the disclosures from Sanabil Investments serve as a reminder of the kingdom’s expanding global footprint and its growing influence in the world of startups and venture capital.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to Sanabil\u2019s website, it invests $2 billion per year.<\/p>\n","protected":false},"author":6,"featured_media":123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[51,7],"_links":{"self":[{"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/posts\/122"}],"collection":[{"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/comments?post=122"}],"version-history":[{"count":0,"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/posts\/122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/media\/123"}],"wp:attachment":[{"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/media?parent=122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/categories?post=122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gulfnp.com\/wp-json\/wp\/v2\/tags?post=122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}