Kuwait – Mubasher: The Kuwaiti fund is the third largest sovereign fund across the GCC region, remaining constant at $592 billion between June 2015 and June 2016, according to a recent report issued by AlShall Consulting.
“Perhaps the reason is due to the fact that withdrawing does not come directly from future generations reserves but is carried on the general reserve and will subsequently influence the future generation fund,” Al Shall said.
Over a year, the biggest addition belonged to the Qatari sovereign fund whose volume rose to $335 billion on 30 June, 2016 when compared to $256 billion on 30 June, 2015.
Throughout eight years from the oil market prosperity era which was from 2006 to 2013, GCC states raised public expenditures at a compounded annual growth rate of 15.2%, the report added.
